Monday, December 9, 2019

Tag: Anirban Basu

Construction Contractors Confidence Strong in February, Says ABC

Washington — Construction industry leaders remained confident regarding nonresidential construction prospects in February 2019, according to the latest Construction Confidence Index released by Associated Builders...

Construction Input Prices Increase for the Second Straight Month

Construction input prices rose 1.7% in March on a monthly basis, according to an Associated Builders and Contractors analysis of U.S. Bureau of Labor Statistics data. On a year-over-year basis, construction input prices are up 2.5%.

ABC: Nonresidential Spending Expands Again in February

According to an Associated Builders and Contractors (ABC) analysis of U.S. Census Bureau data, national nonresidential construction spending rose 1.2 percent in February. Seasonally adjusted nonresidential spending totaled $773.8 billion, a 4.8 percent increase over the same time last year.

ABC’s Construction Backlog Indicator Declines Sharply in January 2019

Associated Builders and Contractors’ (ABC’s) Construction Backlog Indicator contracted to 8.1 months during January 2019, down 0.8 months or 9.3 percent compared to the fourth quarter 2018 reading of 8.9 months.

Construction Input Prices Rise for First Time Since October

According to an Associated Builders and Contractors (ABC) analysis of U.S. Bureau of Labor Statistics data, construction input prices rose 0.9 percent monthly in February and 1.8 percent in the past 12 months.

Nonresidential Construction Spending Flat in December

National nonresidential construction spending remained virtually unchanged in December, according to Associated Builders and Contractors’ (ABC) analysis of U.S. Census Bureau data. Nonresidential spending totaled $750.5 billion on a seasonally adjusted annualized basis in December, up 4 percent year over year.

ABC Construction Backlog Indicator Steady in Q4 2018

Associated Builders and Contractors (ABC) reported that its Construction Backlog Indicator (CBI) contracted to 8.9 months during the fourth quarter of 2018, down 1.1 percent from the third quarter and 7.5 percent compared to a year ago.

ABC predicts construction sector will remain strong in 2019

Associated Builders and Contractors (ABC) Chief Economist Anirban Basu forecasts another strong year for construction sector performance, yet warns about inflationary pressures.

Construction material prices fall in August

Prices for inputs to construction fell 0.5 percent in August but are 8.1 percent higher than at the same time one year ago, according to an Associated Builders and Contractors analysis of Bureau of Labor Statistics data.
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