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Posted on Wednesday, December 4, 2019 12:39 PM By Donna Reichle
WASHINGTON, Dec. 4—Associated Builders and Contractors Chief Economist Anirban Basu forecasts continued momentum for the construction sector next year but advised an overall “wait-and-see” approach based on leading and lagging indicators and economic uncertainties, according to a 2020 economic outlook published in Construction Executive magazine.
Posted on Monday, December 2, 2019 12:53 PM By Rachel O'Grady
WASHINGTON, Dec. 2—National nonresidential construction spending fell 0.7% in October but is up 1.4% compared to the same time last year, according to an Associated Builders and Contractors analysis of data published today by the U.S. Census Bureau. On a seasonally adjusted annualized basis, spending totaled $776.5 billion, 2.3% lower than the cyclical peak attained in April 2019.
Posted on Thursday, November 21, 2019 9:30 AM By Rachel O'Grady
WASHINGTON, Nov. 21—Leaders of the U.S. construction industry remained confident through September 2019 regarding near-term prospects for sales, staffing levels and profit margins, according to the Associated Builders and Contractors' Construction Confidence Index released today. However, the level of optimism continues to dim.
Posted on Thursday, October 24, 2019 9:45 AM By Rachel O'Grady
WASHINGTON, Oct. 24—U.S. construction industry leaders remained confident in August 2019, according to the Construction Confidence Index released today by Associated Builders and Contractors. While contractors were less upbeat regarding sales growth over the coming six months, confidence associated with profit margins and staffing increased from July to August.
Posted on Tuesday, October 8, 2019 10:01 AM By Rachel O'Grady
WASHINGTON, Oct. 8—Construction input prices fell 0.6% in September and are down 1.7% year-over-year, according to an Associated Builders and Contractors analysis of the U.S. Bureau of Labor Statistics’ Producer Price Index data released today. Nonresidential construction input prices fell 0.7% for the month and are down 1.4% compared to the same time last year.
Posted on Friday, October 4, 2019 10:09 AM By Rachel O'Grady
WASHINGTON, Oct. 4 – The construction industry added 7,000 net new jobs in September, according to an Associated Builders and Contractors analysis of data released today by the U.S. Bureau of Labor Statistics. On a year-over-year basis, industry employment has expanded by 156,000 jobs, an increase of 2.1%.
Posted on Tuesday, October 1, 2019 11:43 AM By Rachel O'Grady
WASHINGTON, Oct. 1—National nonresidential construction spending declined 0.4% in August, according to an Associated Builders and Contractors analysis of U.S. Census Bureau data published today. On a seasonally adjusted annualized basis, spending totaled $773.8 billion, 0.3% higher than in August 2018.
Posted on Thursday, September 19, 2019 9:30 AM By Rachel O'Grady
WASHINGTON, Sept. 19—U.S. construction industry leaders’ confidence diminished somewhat in July 2019, yet they remain optimistic regarding nonresidential construction’s near-term prospects, according to the Construction Confidence Index released today by Associated Builders and Contractors.
Posted on Tuesday, September 17, 2019 9:32 AM By Dana Webb
WASHINGTON, Sept. 17—Associated Builders and Contractors reported today that its Construction Backlog Indicator fell to 8.5 months in July 2019, down 0.3 months or 2.9% from June 2019 when CBI stood at 8.8 months.
Posted on Wednesday, September 11, 2019 11:34 AM By Rachel O'Grady
WASHINGTON, Sept. 11—Construction input prices fell 0.6% in August and are down 0.9% year-over-year, according to an Associated Builders and Contractors analysis of U.S. Bureau of Labor Statistics’ Producer Price Index data released today. Nonresidential construction input prices fell 0.4% for the month and are down 0.4% compared to August 2018.