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