Tag: Associated Builders and Contractors

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

ABC’s Construction Backlog Indicator declines in second quarter

Associated Builders and Contractors (ABC) reported its Construction Backlog Indicator (CBI) fell to 8.6 months during the second quarter of 2017, down 4.1 percent from the first quarter of 2017. CBI is up by 0.1 months, or 1.4 percent, on a year-over-year basis.

Nonresidential construction spending stabilizes in August

Nonresidential construction spending expanded 0.5 percent in August, totaling $691.8 billion on a seasonally adjusted, annualized basis, according to an analysis of data from the U.S. Census Bureau by Associated Builders and Contractors (ABC). Though this represents an improvement from July’s total ($688.2 billion), nonresidential spending remains 3.4 percent below its year-ago level.

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