Tag: Associated Builders and Contractors

Nonresidential construction flat in February

Nonresidential construction spending inched 0.1 percent higher in February, according to an Associated Builders and Contractors analysis of U.S. Census Bureau data. Nonresidential spending, which totaled $732.8 billion on a seasonally adjusted, annualized basis, has expanded 1.3 percent since February 2017.

ABC’s Construction Backlog Indicator hits a new high

Associated Builders and Contractors (ABC) reported that its Construction Backlog Indicator (CBI) expanded to 9.67 months during the fourth quarter of 2017 — its highest level ever and a 2.25 percent increase from the prior quarter.

Construction employment growth surges in February

February was the best month for construction employment gains since March 2007, according to Associated Builders and Contractors’ (ABC) analysis of the latest employment report from the U.S. Bureau of Labor Statistics (BLS).

Nonresidential construction spending dips in January

Nonresidential construction spending fell 0.1 percent on a monthly basis in January 2018, while year-over-year spending increased, according to an Associated Builders and Contractors (ABC) analysis of U.S. Census Bureau data.

Year-end data show economy expanded in 2017

The U.S. economy grew by 2.3 percent in 2017, while fixed investment increased at an annual rate of 7.9 percent, according to an Associated Builders and Contractors (ABC) analysis of Bureau of Economic Analysis data.

Nonresidential construction spending higher in November, down year-over-year

Nonresidential construction spending expanded 0.6 percent in November, totaling $719.2 billion on a seasonally adjusted basis, according to an Associated Builders and Contractors (ABC) analysis of U.S. Census Bureau data. Despite the month-over-month expansion, nonresidential spending fell 1.3 percent from November 2016.

ABC chief economist predicts stable 2018 construction economy

Associated Builders and Contractors (ABC) Chief Economist Anirban Basu predicts stability for the construction industry’s economy and expanding nonresidential construction spending in 2018. While construction project backlog and contractor confidence remain high heading into the new year, Basu warns there are risks to the 2018 outlook

Construction backlog surges, sets record in third quarter

Washington, D. C. — Associated Builders and Contractors’ (ABC) Construction Backlog Indicator (CBI) set a record as it expanded to 9.45 months during the...

Construction spending up in September; down on a YOY basis

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 (YOY) basis

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