Construction Output Drops Significantly

Source: Associated Builders and Contractors  The U.S. economy contracted at an annualized rate of 32.9 percent during the second quarter of 2020, according to an Associated Builders and Contractors analysis of data by the U.S. Bureau of Economic Analysis. Nonresidential and residential fixed investment contracted by 27.0 and 38.7 percent, respectively, while investment in nonresidential fixed structures contracted by […]

Input Prices Up in May

Source: Associated Builders and Contractors  Construction input prices rose 0.8 percent in May 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 rose by 0.8 percent for the month as well.  Of the 11 subcategories, only three experienced monthly decreases, with […]

ABC: Nonresidential Construction Spending Dips

Source: Associated Builders and Contractors  National nonresidential construction spending fell 0.1 percent in March and is up 2.0 percent compared to the same time last year, 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 $802.6B for the month.  Among 16 nonresidential subcategories, 12 […]

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 […]

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 […]

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 […]