Report Points to Diverse Forces Driving the Industry
June 1, 2015
The nonresidential construction sector continues to grow at a solid pace, reflecting 18 months of improving activity despite rising costs of construction materials and labor and a slight decline in regional economies where most construction activity is taking place, according to the FMI Nonresidential Construction Index (NRCI) report for Q2 2015.
Construction Added More Jobs Than All but One Sector of the Economy
February 9, 2015
The United States construction industry added 39,000 jobs in January, including 12,700 net new nonresidential jobs, according to a new preliminary estimate released by the Bureau of Labor Statistics (BLS).
Public Outlays Turn Positive, Adding to Strength in Private Segments
February 3, 2015
Construction spending rose in December 2014 to a six-year high of $982 billion as public construction for the year increased for the first time since 2009, according to an analysis of construction data by the Associated General Contractors of America (AGC).
Business Confidence Has Generally Been on the Rise
February 2, 2015
Real gross domestic product (GDP) expanded 2.6 percent (seasonally adjusted annual rate) during the fourth quarter of 2014, following a 5 percent increase in the third quarter, according to the Bureau of Economic Analysis. Investment in nonresidential structures increased 2.6 percent.
November Would Have Shown Growth Except for a Sizable Upward Revision to October’s Data
January 6, 2015
Nonresidential construction spending slipped 1 percent on a monthly basis in November, but still managed to expand 4 percent on a year-over-year basis according to the latest figures released by the U.S. Census Bureau. Spending for the month totaled $617 billion on a seasonally adjusted, annualized basis.
Rise in Backlog, Construction Employment, and Nonresidential Spending Expected
December 16, 2014
The Associated Builders and Contractors (ABC) forecasts a steady and ongoing economic recovery for the U.S. commercial and industrial construction industries in 2015. ABC said the reasonably brisk industry recovery in 2014 should continue in 2015.
2015 Will Likely Be a Strong Year of Recovery for the Nation’s Nonresidential Construction Industry
November 24, 2014
The Associated Builders and Contractors (ABC) announced that its Construction Backlog Indicator (CBI) reached a new all-time high during the third quarter of 2014 at 8.8 months, eclipsing the previous all-time high of 8.5 months set in the second quarter of 2014.
Each Index Category Now Stands at a Post-Recession High
October 10, 2014
The Associated Builders and Contractors (ABC) announced that its Construction Confidence Index (CCI) increased across all three indices in the first half of 2014. Each index category now stands at a post-recession high, indicating that nonresidential construction’s recovery, already robust, is positioned to continue into the year ahead.
‘The Long-Awaited Brisk Nonresidential Construction Recovery May Be Upon Us’
August 20, 2014
The Associated Builders and Contractors (ABC) announced that its Construction Backlog Indicator (CBI) reached an all-time high in the second quarter of 2014. The CBI improved 5.4 percent following a 2.8 percent decline in the first quarter. It currently stands at 8.5, up 3.6 percent on a year-over-year basis.
Total construction spending in January posted the largest year-over-year increase since 2006, with growth in public construction as well as private residential and nonresidential spending, according to an analysis of new Census Bureau data by the Associated General Contractors of America (AGC).