Tag: Associated Builders and Contractors
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.
Jobs Decline in Construction Sector for the First Time in More Than Two Years
According to an analysis by the Associated Builders and Contractors of U.S. Bureau of Labor Statistics data, the construction industry lost 31,000 net new jobs in February.
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.
Nonresidential construction spending dipped in November
National nonresidential construction spending declined 1 percent in November, according to an Associated Builders and Contractors (ABC) analysis of U.S. Census Bureau data.
