Construction Contractors Confident to Start 2020
Source: Associated Builders and Contractors Confidence among U.S. construction industry leaders generally improved in January, consistent with the burgeoning momentum of the U.S. economy during the early weeks of 2020, according to the Associated Builders and Contractors Construction Confidence Index. While the reading for sales expectations edged lower for the month, confidence pertaining to sales, profit margins and staffing […]
ABC: Input Prices Down Slightly in Feb.
Source: Associated Builders and Contractors Construction input prices fell 0.6 percent in February and are up 0.4 percent year over year, according to an Associated Builders and Contractors analysis of U.S. Bureau of Labor Statistics’ Producer Price Index data. Nonresidential construction input prices also decreased by 0.6 percent but are up 0.3 percent compared to […]
Expansive Opportunities for Women in Construction
Source: Arizona Builders Alliance Women totaled more than half of U.S. payroll jobs last December, just the second time women have outnumbered men in the workforce, according to the U.S. Department of Labor. Yet while women made up just a fraction of the construction workforce at nearly 10 percent in 2018, that number is on the rise. In […]
ABC: Nonresidential Employment Up in Feb.
Source: Associated Builders and Contractors The construction industry added 42,000 net new jobs in February, according to an Associated Builders and Contractors analysis of data released by the U.S. Bureau of Labor Statistics. On a year-over-year basis, industry employment has expanded by 223,000 jobs, an increase of 3.0 percent. Nonresidential construction employment increased by 19,800 […]
ABC: Nonresidential Const. Spending Up in Jan.
Source: Associated Builders and Contractors National nonresidential construction spending increased by 1.6 percent in January and is up 5.1 percent on a year-ago basis, according to an Associated Builders and Contractors analysis of data published by the U.S. Census Bureau. On a seasonally adjusted annualized basis, spending totaled a record $806.9B in January. Private nonresidential […]
Jan. Nonresidential Construction Employment Rises
Source: Associated Builders and Contractors The construction industry added 44,000 net new jobs in January, according to an Associated Builders and Contractors analysis of data released by the U.S. Bureau of Labor Statistics. On a year-over-year basis, industry employment has expanded by 142,000 jobs, an increase of 1.9 percent. Nonresidential construction employment increased by 23,800 […]
ABC: Construction Contractor Confidence Soaring
Source: Associated Builders and Contractors Confidence among U.S. construction industry leaders increased in November 2019 with respect to sales, profit margins and staffing, according to the Associated Builders and Contractors Construction Confidence Index. Sales and profit margin expectations reached their highest levels since May 2019, while staffing expectations reached their highest level since April 2019. Three-quarters of […]
Oct. Unemployment Rates Rise from a Year Ago
Source: Associated Builders and Contractors In October, estimated not seasonally adjusted construction unemployment rates increased nationally and in 34 states, fell in 13 states and were unchanged in three states on a year-over-year basis, according to an analysis of U.S. Bureau of Labor Statistics data released by Associated Builders and Contractors. As of October 2019, […]
ABC’s Construction Backlog Rebounds in Aug.
Source: Associated Builders and Contractors Associated Builders and Contractors reported that its Construction Backlog Indicator climbed to nine months in August 2019, up 0.5 months or 5.4 percent from July 2019, when CBI stood at 8.5 months. “Despite some other leading indicators suggesting weakening in nonresidential construction spending, our most recent backlog readings show that […]
Construction Input Prices Rebound in July
Source: Associated Builders and Contractors Construction input prices expanded 0.8 percent in July but are down 0.6 percent year-over-year, according to an Associated Builders and Contractors analysis of the U.S. Bureau of Labor Statistics’ Producer Price Index data released. Nonresidential construction input prices also increased 0.8 percent for the month but have declined 0.3 percent […]