Posted on Monday, November 20, 2017 9:16 PM By Donna Reichle
According to a report released today by Associated Builders and Contractors (ABC), the private construction industry’s value added as a percentage of the nation’s real gross domestic product (GDP) rose to 4 percent in 2016, the highest level since 2009. The report also shows annual growth in real construction spending, which rose 3.5 percent in 2016. Thirty-seven states benefited from the rise in construction activity in their state, while 13 states experienced a reduction in activity.
Posted on Tuesday, November 14, 2017 1:55 PM By Donna Reichle
WASHINGTON, Nov. 14—Construction input prices remained unchanged on a monthly basis in October, according to analysis of today’s Bureau of Labor Statistics release by Associated Builders and Contractors (ABC). Overall construction input prices have expanded 4.3 percent year over year, while nonresidential input prices have expanded 4.1 percent since October 2016. Crude petroleum prices rose 6.6 percent for the month and are up 7.7 percent for the year. No other input manifested significant price growth in October.
Posted on Friday, November 3, 2017 11:17 AM By Donna Reichle
WASHINGTON, Nov. 3—According to an Associated Builders and Contractors (ABC) analysis of data released by the Bureau of Labor Statistics today, the nation’s construction sector added 11,000 net new jobs in October, matching the revised total from September. Nonresidential construction employment, however, experienced a net decline of 2,000 jobs. The residential sector added approximately 13,000 net new jobs.
Posted on Wednesday, November 1, 2017 1:12 PM By Donna Reichle
WASHINGTON, Nov. 1—Nonresidential construction spending rose 0.5 percent in September, totaling $698.1 billion on a seasonally adjusted basis, according to an Associated Builders and Contractors (ABC) analysis of data from the U.S. Census Bureau. However, nonresidential construction spending is down 2.9 percent on a year-over-year basis, with construction spending related to manufacturing down 20.3 percent since September 2016
Posted on Tuesday, October 31, 2017 11:08 AM By Donna Reichle
WASHINGTON, Oct. 31—The not seasonally adjusted (NSA) national construction unemployment rate was 4.7 percent in September, down 0.5 percent from a year ago and the second lowest September rate on record behind the 4.6 percent rate in September 2000, the U.S. Bureau of Labor Statistics (BLS) reported. Construction unemployment rates were also down in 41 states on a year-over-year basis while rates rose in nine states, according to an analysis released today by Associated Builders and Contractors (ABC). Further, the construction industry employed 173,000 more workers than in September 2016.
Posted on Tuesday, October 31, 2017 10:20 AM By Donna Reichle
Associated Builders and Contractors (ABC) today announced three finalists for its annual Young Professional of the Year Award. This year’s list includes a technology-driven electrician, a business owner who builds dreams and saves lives and an attorney who fights for equality in construction.
Posted on Friday, October 27, 2017 12:49 PM By Donna Reichle
WASHINGTON, Oct. 27—The U.S. economy expanded at an annual rate of 3 percent during the third quarter of 2017, according to Associated Builders and Contractors’ analysis of gross domestic product (GDP) data released today by the Bureau of Economic Analysis. “Construction firms are among the major beneficiaries of the most recent GDP report, which confirms that the U.S. economy enjoys a level of momentum not observed for several years,” said ABC Chief Economist Anirban Basu.
Posted on Thursday, October 26, 2017 11:45 AM By Donna Reichle
“We applaud House members for adopting the FY 2018 budget resolution that positions Congress to move forward with comprehensive, pro-growth tax reform without the threat of a filibuster
Posted on Friday, October 20, 2017 10:22 AM By Donna Reichle
Michael D. Bellaman, president and CEO of Associated Builders and Contractors (ABC), today issued the following statement on the passage of a budget by the U.S. Senate:
“This important step by the Senate keeps the process on track to produce once-in-a-generation tax reform...
Posted on Wednesday, October 18, 2017 9:52 AM By Donna Reichle
WASHINGTON, Oct. 18—Associated Builders and Contractors (ABC) today reported its Construction Backlog Indicator (CBI) fell to 8.6 months during the second quarter of 2017, down 4.1 percent from the first quarter of 2017. CBI is up by 0.1 months, or 1.4 percent, on a year-over-year basis.