Your source for construction industry news in the Carolinas
WASHINGTON, Feb. 1, 2020 —National nonresidential construction spending declined 0.8% in December 2020, according to an Associated Builders and Contractors analysis of data published today by the U.S. Census Bureau. On a seasonally adjusted annualized basis, nonresidential spending totaled $790.2 billion for the month, 4.8% lower than in December 2019 but 3.8% higher than in…
WASHINGTON, Jan. 15, 2020 — Construction input prices increased 1.8% in December 2020 compared to the previous month, according to an Associated Builders and Contractors analysis of the U.S. Bureau of Labor Statistics’ Producer Price Index data released today. Nonresidential construction input prices rose 2.1% for the month. Construction input prices expanded 2.7% between December 2019…
WASHINGTON, Jan. 4, 2021 — National nonresidential construction spending fell 0.6% in November 2020, according to an Associated Builders and Contractors analysis of data published today by the U.S. Census Bureau. On a seasonally adjusted annualized basis, spending totaled $792.5 billion for the month. Ten of the sixteen nonresidential subcategories saw decreased spending on a monthly basis….
WASHINGTON, Dec. 15, 2020 — Associated Builders and Contractors’ Chief Economist Anirban Basu forecasts a recession threat for the construction sector next year, but has illuminated some potential economic bright spots, such as e-commerce and Class B office space, according to a 2021 economic outlook published in Construction Executive magazine. Although ABC’s Construction Backlog Indicator—a leading indicator…
WASHINGTON, Dec. 11, 2020 — Construction input prices fell 0.5% in November compared to the previous month, according to an Associated Builders and Contractors analysis of the U.S. Bureau of Labor Statistics’ Producer Price Index data released today. Nonresidential construction input prices fell 0.4% for the month. Construction input prices increased 0.9% between November 2019 and…
WASHINGTON, Dec. 8, 2020 —Associated Builders and Contractors reported today that its Construction Backlog Indicator declined to 7.2 months in November, a decrease of 0.5 months from October’s reading, according to an ABC member survey conducted from Nov. 20 to Dec. 2. Backlog is 1.7 months lower than in November 2019. ABC’s Construction Confidence Index readings…
WASHINGTON, Dec. 1, 2020 — National nonresidential construction spending was virtually unchanged in October, according to an Associated Builders and Contractors analysis of data published today by the U.S. Census Bureau. On a seasonally adjusted, annualized basis, spending totaled $792.4 billion for the month. Of the sixteen nonresidential subcategories, nine were down on a monthly…
WASHINGTON, Nov. 13, 2020 — Construction input prices remained virtually unchanged in October compared to the previous month, according to an Associated Builders and Contractors analysis of the U.S. Bureau of Labor Statistics’ Producer Price Index data released today. Nonresidential construction input prices also remained unchanged for the month. Construction input prices increased 1.1% between October…
WASHINGTON, Nov. 10, 2020 — Associated Builders and Contractors reported today that its Construction Backlog Indicator rebounded to 7.7 months in October, an increase of 0.2 months from September’s reading, according to an ABC member survey conducted from Oct. 20 to Nov. 5. Backlog is 1.2 months lower than in October 2019. ABC’s Construction Confidence Index…
WASHINGTON, Nov. 8, 2020 — Apprenticeships are a key part of Associated Builders and Contractors’ commitment to an all-of-the-above approach for developing a safe, skilled and productive workforce that meets the current and future needs of the construction industry. During the U.S. Department of Labor’s Apprenticeship Week, Nov. 8-14, ABC celebrates the value of earn-while-you-learn…
