News – Page 49 – Central Electric Inspection Bureau

Nonresidential Construction Spending Slows in June, Remains Elevated, Says ABC

by Rachel O'Grady

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WASHINGTON, Aug. 1—National nonresidential construction spending declined 1.8% in June, totaling $773.8 billion on a seasonally adjusted annualized basis—a 2.3% increase compared to the same time a year ago, according to an Associated Builders and Contractors analysis of U.S. Census Bureau data published today. Public nonresidential spending fell 3.7% in June, but is up 6.4% year over year, while private nonresidential spending fell 0.3% on a monthly basis and is up 0.4% from June 2018.

June Construction Unemployment Rates Down in 40 States Year Over Year, Says ABC

31Jul

by tlarkin

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WASHINGTON, July 31—In June, estimated not seasonally adjusted construction unemployment rates fell nationally and in 40 states and increased in 10 on a year-over-year basis, according to an analysis of U.S. Bureau of Labor Statistics data released today by Associated Builders and Contractors. For the second month in a row, all 50 states posted construction unemployment rates of less than 10%.

U.S. GDP Expands by 2.1% in the Second Quarter, Says ABC

26Jul

by Rachel O'Grady

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WASHINGTON, July 26—The U.S. economy expanded at a 2.1% annualized rate during the second quarter of 2019 with consumer spending leading the way, according to an Associated Builders and Contractors assessment of data released today by the U.S. Bureau of Economic Analysis. This rate of growth exceeded the consensus expectation that second quarter growth would be closer to 1.8%.

Construction Contractors Remain Confident as Summer Begins, Says ABC

18Jul

by Rachel O'Grady

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WASHINGTON, July 18—U.S. construction industry leaders remained upbeat regarding nonresidential construction’s near-term prospects in May 2019, according to the Construction Confidence Index released today by Associated Builders and Contractors.

ABC’s Construction Backlog Indicator Increases Modestly in May

15Jul

by tlarkin

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WASHINGTON, July 16—Associated Builders and Contractors reported today that its Construction Backlog Indicator expanded to 8.9 months in May 2019, up 0.2 months or 2.2% since April 2019, when CBI stood at 8.7 months.

Construction Input Prices Plummet in June, Says ABC

12Jul

by Rachel O'Grady

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WASHINGTON, July 12—Construction input prices decreased 1.3% on both a monthly and yearly basis in June, according to an Associated Builders and Contractors analysis of U.S. Bureau of Labor Statistics’ Producer Price Index data released today. This is the first time in nearly three years that input prices have fallen on a year-over-year basis.

Construction Job Growth Steady in June, Says ABC

05Jul

by Rachel O'Grady

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WASHINGTON, July 5 – The construction industry added 21,000 net new jobs in June, according to an Associated Builders and Contractors analysis of data released today by the U.S. Bureau of Labor Statistics. On a year-over-year basis, employment in the industry has expanded by 224,000 jobs, representing an increase of 3.1%. Nonresidential construction employment gained 14,900 net jobs in June and is up 146,700 jobs during the last 12 months.

May Construction Unemployment Rates Down in 46 States Year Over Year, Says ABC

03Jul

by tlarkin

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WASHINGTON, July 3—In May, estimated not seasonally adjusted construction unemployment rates fell nationally and in 46 states on a year-over-year basis, according to an analysis of U.S. Bureau of Labor Statistics data released today by Associated Builders and Contractors. Three states (Michigan, South Dakota and Vermont) had no change, while only Hawaii increased, rising from 5% in May 2018 to 5.2% in the most recent report. (Note that the unemployment rate for Hawaii is for construction, mining and logging combined.)

Nonresidential Construction Spending Slips Modestly in May, Says ABC

01Jul

by Rachel O'Grady

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WASHINGTON, July 1—According to an Associated Builders and Contractors analysis of U.S. Census Bureau data published today, national nonresidential construction spending declined 0.9% in May, totaling $788.5 billion on a seasonally adjusted annualized basis and a 4.4% increase compared to the same time last year. While total public and private nonresidential spending declined 0.9% since April, public spending was up 11.2% and private spending was down 0.1% year over year.

Construction Contractors Confidence Remains Elevated in April, Says ABC

20Jun

by Rachel O'Grady

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WASHINGTON, June 20—Despite ongoing concerns about skilled worker shortages and volatile materials prices, construction executives remain bullish about the prospects for the nonresidential construction sector, according to Associated Builders and Contractors’ April 2019 Construction Confidence Index released today.