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ABC issues news releases on the latest policy and construction-related economic data and trend news. Commercial and industrial economic releases include monthly analyses of federal data reports on construction spending, employment, the Producer Price Index and quarterly GDP. ABC construction economic releases are produced according to this schedule.


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From the monthly archives: April 2014

We are pleased to present below all posts archived in 'April 2014'. If you still can't find what you are looking for, try using the search box.

Nonresidential Fixed Investment Declines 2.1 Percent in Disappointing First Quarter GDP Report

Wednesday, April 30, 2014 11:36 AM
Nonresidential fixed investment decreased 2.1 percent and residential fixed investment fell 5.7 percent during the first quarter, according to an April 30 release by the Bureau of Economic Analysis. Overall, real gross domestic product (GDP) expanded just 0.1 percent (seasonally adjusted annual rate) during the first quarter of 2014 following a 2.6 percent increase in the fourth quarter of last year.  
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Construction Industry Reminded of High Effective Rate on Tax Day

Tuesday, April 15, 2014 6:50 AM
As the construction industry rebounds amid tepid economic growth, many Associated Builders and Contractors (ABC) members are greeted with a significant tax increase this week. The contractors who emerged from the recession already paid thehighest effective tax rate of any sector, and now they face even higher taxes thanks to rising marginal rates, reinstated limits on deductions, and new surtaxes on wages and income stemming from the health care law. 
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Construction Materials Prices Up 0.5 Percent in March

Friday, April 11, 2014 1:02 PM
Construction materials prices expanded 0.5 percent in March and are up 1.1 percent from March of last year, according to the U.S. Department of Labor’s April 11 producer price index release. Nonresidential construction materials prices are up 0.4 percent for the month and are 1 percent higher than the same time one year ago. 
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ABC Supports House Effort to Halt Ambush Election Proposal

Wednesday, April 9, 2014 1:59 PM
Associated Builders and Contractors (ABC) praised today’s U.S. House of Representatives Committee on Education and the Workforce markup of The Workforce Democracy and Fairness Act (H.R. 4320) and The Employee Privacy Protection Act (H.R. 4321), which halt key elements of the National Labor Relations Board’s (NLRB) “ambush” election proposed rule.
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Jobs Report Meets Expectations in March

Friday, April 4, 2014 12:08 PM
The U.S. construction industry gained 19,000 jobs in March, while the construction unemployment rate fell to 11.3 percent (non-seasonally adjusted) according to the April 4 employment report by the U.S. Department of Labor (DOL). Nonresidential construction segments added 6,700 jobs in March, a marked improvement from the 2,800 jobs (revised) added in February. The improvement led the construction unemployment rate to fall from 12.8 percent in February and 14.7 percent in March 2013. Read the rest of entry »

ABC Celebrates U.S. District Court’s Ruling Against Davis-Bacon Expansion

Thursday, April 3, 2014 3:27 PM
Associated Builders and Contractors (ABC) today celebrated an important decision limiting the scope of the Davis-Bacon Act issued by a U.S. District Court for the District of Columbia.  In a March 31 decision granting summary judgment to the District of Columbia (the District) and private developer CCDC Office LLC (CCDC), Judge Amy Berman Jackson rejected the U.S. Department of Labor’s (DOL) ruling that the Davis-Bacon Act can be expanded to include privately funded projects.
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Nonresidential Construction Spending Inches Higher

Tuesday, April 1, 2014 3:41 PM
The U.S. Census Bureau announced today that nonresidential construction spending increased 0.6 percent in February and has risen 6.1 percent since February 2013. The gains follow nonresidential construction spending declines in both January and December. Spending for the month totaled $580.5 billion on a seasonally adjusted, annualized basis.

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