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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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News Releases

Nonresidential Spending Retains Momentum in September, Up 8.9 Percent Year Over Year, Says ABC

Thursday, November 1, 2018 12:02 PM
WASHINGTON, Nov. 1—National nonresidential construction spending fell 0.3 percent in September but remains historically elevated, according to an Associated Builders and Contractors analysis of U.S. Census Bureau data released today. Total nonresidential spending stood at $767.1 billion on a seasonally adjusted, annualized rate in September, an increase of 8.9 percent on a year-ago basis. Read the rest of entry »

September Construction Unemployment Rates Down in 30 States Year Over Year, Says ABC

Tuesday, October 30, 2018 9:30 AM
WASHINGTON, Oct. 30—Estimated September construction unemployment rates fell nationally and in 30 states on a year-over-year basis, according to an analysis of U.S. Bureau of Labor Statistics data released today by Associated Builders and Contractors.  Read the rest of entry »

ABC Announces New Director of Workforce Development

Monday, October 29, 2018 10:30 AM
WASHINGTON, Oct. 29—Associated Builders and Contractors announced today that Timothy Mongeau has been appointed as director of workforce development. Read the rest of entry »

Nonresidential Fixed Investment Returns to Earth in Q3, Says ABC

Friday, October 26, 2018 10:32 AM
WASHINGTON, Oct. 26—The U.S. economy expanded at a 3.5 percent annualized rate during the third quarter of 2018, according to an Associated Builders and Contractors analysis of U.S. Bureau of Economic Analysis data released today. This represents the first time there have been two consecutive quarters of 3 percent-plus growth since the beginning of 2015. Read the rest of entry »

Construction Material Prices Rebound in September, Says ABC

Wednesday, October 10, 2018 10:11 AM
WASHINGTON, Oct. 10—Prices for inputs to construction rose 0.3 percent in September and are 7.4 percent higher than a year ago, according to an Associated Builders and Contractors analysis of U.S. Bureau of Labor Statistics data released today. Overall prices for nonresidential construction inputs rose 0.4 percent, reversing last month’s downward trend. Among individual subcategories, softwood lumber prices are down 0.4 percent, yet are up 5.4 percent on a year-over-year basis. Crude petroleum and natural gas prices are both up on a monthly basis, 8.7 and 1.1 percent, respectively.  Read the rest of entry »

Construction Industry Adds 23,000 Jobs in September, Says ABC

Friday, October 5, 2018 3:13 PM
WASHINGTON, Oct. 5—The U.S. construction industry added 23,000 net new positions in September, according to an Associated Builders and Contractors analysis of data released by the U.S. Bureau of Labor Statistics. Read the rest of entry »

August Construction Unemployment Rates Down in 49 States Year Over Year, Says ABC

Tuesday, October 2, 2018 9:45 AM
WASHINGTON, Oct. 2—Estimated August construction unemployment rates fell nationally and in every state except Colorado on a year-over-year basis, according to an analysis of U.S. Bureau of Labor Statistics data released today by Associated Builders and Contractors. Read the rest of entry »

Nonresidential Spending Reaches New High in August, Says ABC

Monday, October 1, 2018 12:31 PM
WASHINGTON, Oct. 1— National nonresidential construction spending expanded
0.7 percent in August to its highest level since the U.S. Census Bureau began
collecting the data in 2002, according to an Associated Builders and
Contractors analysis released today. Total nonresidential spending stood at $762.7 billion on a seasonally adjusted, annualized rate in August, which represents an increase of 8.4 percent compared to one year ago. Private nonresidential spending fell 0.2 percent in August largely due to a 1.3 percent decline in power-related spending, the largest private construction spending category, and public nonresidential spending increased 2 percent. Read the rest of entry »

ABC Highlights Economic Benefits of Tax Reform on Small Businesses in Congressional Testimony

Thursday, September 27, 2018 11:29 AM
WASHINGTON, Sept. 27—Larry Lopez, president and chief executive officer of Green JobWorks, Baltimore, and chairman of Associated Builders and Contractor’s Diversity Committee, testified today before the U.S. House of Representatives Subcommittee on Economic Growth, Tax and Capital Access on how recent economic growth is positively impacting local communities.   Read the rest of entry »

Contractors Remain Upbeat in Q2, According to ABC’s Latest Construction Confidence Index

Monday, September 24, 2018 9:45 AM
WASHINGTON, Sept. 24—Construction contractors remained confident during the second quarter of 2018, according to the latest Construction Confidence Index released today by Associated Builders and Contractors. Read the rest of entry »