Items Tagged with 'nonresidential construction'

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Aug. 20, 2014: Construction Backlog Indicator Reaches All-Time High in Second Quarter

‘The Long-Awaited Brisk Nonresidential Construction Recovery May Be Upon Us’
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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.


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March 5, 2014: January Construction Spending Posts Biggest Increase Since 2006

Growth Comes Despite Harsh Winter Weather
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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).


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March 3, 2014: Nonresidential Construction Backlog Hits Post-Recession High

Nonresidential Construction to Be Among Nation’s Stronger Segments
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The Associated Builders and Contractors (ABC) Construction Backlog Indicator (CBI) hit a post-recession high in the fourth quarter of 2013, growing from 8.2 months to 8.3 months (1.3 percent). Compared to the prior year, the CBI is 3.9 percent higher — up from 8 months at the end of 2012.


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Nonresidential Construction Up

August Spending Totaled $568.6 Billion
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Nonresidential construction spending grew 0.2 percent in August and is up 1.3 percent on an annual basis, according to a release from the U.S. Census Bureau reported by the Associated Builders and Contractors (ABC).


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June 4, 2013: Construction Spending Edges Higher in April

Strong Residential and Mixed Private Nonresidential Activity Offset Public Decline
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Total construction spending registered a small gain in April but showed very mixed patterns among major segments, according to an analysis of new Census Bureau data by the Associated General Contractors of America (AGC).


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March 11, 2013: Construction Executives Expect Nonresidential Construction to Improve

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Construction industry executives are optimistic that local nonresidential construction activity will improve in 2013, according to a survey by Wells Fargo Equipment Finance Inc., a subsidiary of Wells Fargo & Co.


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Construction Recovery Predicted for 2013

By Angela D. Harris
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The final construction numbers for 2012 aren’t all tabulated yet, but the Associated Builders and Contractors Inc. (ABC) is making predictions about what some sectors of the construction market will look like in 2013. Nonresidential construction is predicted to expand by 5.2 percent next year.


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Nov. 19, 2012: Construction Backlog up 3.5 Percent in Third Quarter of 2012

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Associated Builders and Contractors (ABC) reported that its Construction Backlog Indicator (CBI) expanded for the second consecutive quarter, up to eight months in the third quarter of this year, a 3.5 percent increase from the previous quarter.


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Geothermal Gains Traction in Commercial Market

By Joanna R. Turpin
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While nonresidential construction spending has increased somewhat over the last year, current indicators show that this market is still not robust. Geothermal heat pump (GHP) systems seem to be bucking this trend, though, as most manufacturers state that sales of commercial equipment are increasing.


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July 9, 2012: May Construction Spending Up 0.9 Percent Over April; Up 7 Percent Over May 2011

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The U.S. Census Bureau of the Department of Commerce has announced that construction spending during May 2012 was estimated at a seasonally adjusted annual rate of $830 billion, 0.9 percent above the revised April estimate of $822.5 billion. The May 2012 figure is 7 percent above the May 2011 estimate of $775.8 billion.


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