Your source for construction industry news in the Carolinas
Associated Builders and Contractors reported today that its Construction Backlog Indicator remained unchanged at 8.5 months in September, according to an ABC member survey conducted Sept. 22 to Oct. 6. The reading is down 0.1 months since September 2024. View the full Construction Backlog Indicator and Construction Confidence Index data series. Over the past year, backlog…
As 2025 unfolds, the construction industry is navigating a complex yet resilient economic landscape. At the recent ABC Carolinas Conference in Myrtle Beach, SC, ABC Chief Economist Anirban Basu echoed this theme: “Eventually, it’s going to all work out for America.” His mid-year forecast, delivered via Construction Executive, reflects both urgency and optimism. Basu also…
Construction input prices decreased 0.1% in April compared to the previous month, according to an Associated Builders and Contractors analysis of U.S. Bureau of Labor Statistics’ Producer Price Index data released today. Nonresidential construction input prices increased 0.2% for the month. Overall construction input prices are 0.1% higher than a year ago, while nonresidential construction…
National nonresidential construction spending decreased 0.1% in November, according to an Associated Builders and Contractors analysis of data published by the U.S. Census Bureau on Jan. 2. On a seasonally adjusted annualized basis, nonresidential spending totaled $1.143 trillion. Spending was down on a monthly basis in 11 of the 16 nonresidential subcategories. Private nonresidential spending…
As the U.S. economy enters 2022’s final quarter, the economic situation is bothtroublesome and puzzling. With interest rates rising, and GDP growth falling, it isdisturbing because the year’s weak GDP growth coupled with three negative forcesplaying through the economy, offer the strong possibility that 2023 will be an evenweaker negative growth year. Of course, we…
The Conference Board Leading Economic Index® (LEI) for the U.S. decreased by 0.4 percent in July 2022 to 116.6 (2016=100), after declining by 0.7 percent in June. The LEI was down by 1.6 percent over the six-month period from January to July 2022, a reversal from its 1.6 percent growth over the previous six months. “The US LEI declined for a…
FMI Corporation, the leading provider of consulting and investment banking services to the built environment, released the 2022 Engineering and Construction Industry Overview today. The report provides a comprehensive forecast for a broad range of construction and engineering segments in the U.S. and Canada for 2022. Entering 2022, FMI expects construction spending to increase by 5%. But…
WASHINGTON, May 15, 2020 —Associated Builders and Contractors Chief Economist Anirban Basu warned the economic recovery following the COVID-19 outbreak would be quite different for the nonresidential construction industry compared to previous recessions, according to an economic outlook published in Construction Executive magazine. Normally, construction backlog, which stood at 8.2 months in February, according to ABC’s…
Renowned economist Dr. Harry Broadman will offer groundbreaking insights to shape how North Carolina businesses can and should gain advantage in the global economy at upcoming speaking engagements in Charlotte and Raleigh. Sentinel will host Broadman on November 7 at the Mint Museum Uptown in Charlotte, and on November 8 at the Carolina Country Club…
A fixture the in the Carolinas, Dr. Bruce Yandle released his quarterly Economic Situation Report. Yandle prospects for 2018 were positive. “These can be summarized in a simple statement: if you felt good about 2017, you should look forward to 2018,” he wrote. “In other words, don’t expect to see major changes in the nation’s…
