Nonresidential construction spending was unchanged in February, according to Associated Builders and Contractors (ABC) analysis of U.S. Census Bureau data. Chart distributed by ABC The segment totaled $701.9 billion on a seasonally adjusted annualized rate for the month, marking the seventh consecutive month in which nonresidential spending sat above the $700 billion threshold. “Today’s construction […]

Construction input prices increased 0.3 percent from January to February and 4.8 percent from a year ago, according to analysis of U.S. Bureau of Labor Statistics (BLS) data released by Associated Builders and Contractors (ABC). This represents the most rapid yearly growth in construction input prices in more than five years, ABC notes. “There is […]

Improved performance of the U.S. economy during the third quarter of 2016 gave way to a weaker period of growth in the fourth, according to analysis of U.S. Bureau of Economic Analysis data by Associated Builders and Contractors (ABC). Real gross domestic product (GDP) expanded 1.9 percent on a seasonally adjusted annualized rate during the […]

Associated Builders and Contractors (ABC) forecasts a slowdown of growth in U.S. commercial construction in 2017, according to ABC chief economist Anirban Basu.

Real gross domestic product (GDP) expanded 2.9 percent on a seasonally adjusted annualized rate during the third quarter of 2016, according to analysis of Bureau of Economic Analysis (BEA) data by Associated Builders and Contractors (ABC). This follows a 1.4-percent increase during the second quarter and represents the tenth consecutive quarter of economic expansion.

Construction backlog among the nation’s largest contractors stands at more than 12 months, according to the Associated Builders and Contractors’ (ABC) Construction Backlog Indicator (CBI). ABC says this is the largest backlog the industry has seen in the $100 million-plus category since it established the indicator.

Input prices for construction materials expanded on a monthly basis in April for the second consecutive time, though they have decreased on a year-over-year basis for 17 consecutive months.

The construction industry was slightly less confident in the second half of 2015 than the first, according to Associated Builders and Contractors’ (ABC) Construction Confidence Index (CCI). However, all three components of the index showed optimism for continued economic growth.

The U.S. commercial and industrial construction industries will continue to see steady growth next year, according to the Associated Builders and Contractors (ABC) forecast. ABC predicts a 7.6-percent increase in nonresidential construction spending in 2016, along with growth in employment and backlog.