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 2020 Construction Economic Forecast
Source: Associated Builders and Contractors Associated Builders and Contractors Chief Economist Anirban Basu forecasts continued momentum for the construction sector next year but advised an overall “wait-and-see” approach based on leading and lagging indicators and economic uncertainties, according to a 2020 economic outlook published in Construction Executive magazine. Although ABC’s Construction Backlog Indicator—a leading indicator […]
Construction Industry Healthy Heading into 2020
Source: Marcum LLP The Marcum Commercial Construction Index for the third quarter of 2019 finds the industry in overall good health as 2020 approaches, despite some causes for concern. Entitled, The Good, The Bad, and The Ugly, the report is produced by Marcum LLP’s Construction Services Group. The Good On the positive side, Marcum’s third […]
Construction Contractors Less Confident in Sept.
Source: Associated Builders and Contractors Leaders of the U.S. construction industry remained confident through September 2019 regarding near-term prospects for sales, staffing levels and profit margins, according to the Associated Builders and Contractors‘ Construction Confidence Index released. However, the level of optimism continues to dim. For the first time since January, fewer than 50 percent […]
ABC’s Construction Backlog Indicator Slips in Sept.
Source: Associated Builders and Contractors Associated Builders and Contractors reported that its Construction Backlog Indicator fell to 8.9 months in September 2019, down 0.1 months or 0.8 percent from August 2019, when CBI stood at nine months. “Today’s backlog reading indicates that pre-existing trends will remain in place,” said ABC Chief Economist Anirban Basu. “In […]
Construction Input Prices Unchanged in October
Source: Associated Builders and Contractors Construction input prices remained unchanged on a monthly basis in October but are down 2.2 percent year-over-year, according to an Associated Builders and Contractors analysis of U.S. Bureau of Labor Statistics’ Producer Price Index data released. Nonresidential construction input prices fell 0.1 percent for the month and are down 2.0 […]
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 Contractors Less Confident in July
Source: Associated Builders and Contractors U.S. construction industry leaders’ confidence diminished somewhat in July 2019, yet they remain optimistic regarding nonresidential construction’s near-term prospects, according to the Construction Confidence Index released by Associated Builders and Contractors. While contractor confidence regarding sales, profits and staffing levels declined for a third consecutive month, all three principal components […]
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 […]
June Unemployment Rates Down in 40 States
Source: Associated Builders and Contractors 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 by Associated Builders and Contractors. For the second month in a row, all 50 states […]