Abc construction spending S. 3% below the all-time high established in February,” said ABC Chief Economist Anirban Basu. 1—The construction industry had 422,000 job openings in September, according to an Associated Builders and Contractors’ analysis of data from the U. ” “Total construction spending rose sharply in October, but that was entirely due to a sharp increase in residential activity,” said ABC Chief Economist Anirban Basu. The report includes a case study and thought leadership from ABC’s Tech Alliance to showcase how ABC is strengthening members’ understanding of AI. 13—Associated Builders and Contractors reported today that its Construction Backlog Indicator held steady at 8. 228 trillion. Spending was up on a monthly basis in nine of the 16 WASHINGTON, June 1—National nonresidential construction spending decreased by 1. “While prices for a few other materials, like concrete and copper products, also rose for the month, overall input prices are lower than they were one year ago and have fallen 5% since reaching an all-time high in June 2022. 3, 2024) — National nonresidential construction spending decreased 0. 28 trillion) for 2018, 4 percent on top of that (to $1. On a seasonally adjusted annualized basis, nonresidential spending totaled $847. Spending was down on a monthly basis in 11 of the 16 nonresidential ABC’s model uses the historical relationship between inflation-adjusted construction spending growth, sourced from the U. 1% in August, according to an Associated Builders and Contractors analysis of data published today by the U. 1—National nonresidential construction spending decreased by 0. On a seasonally adjusted annualized basis, nonresidential spending totaled $1. 2 percent on a year-over-year basis. WASHINGTON, Oct. “An ABC’s Construction Backlog Indicator is the only economic indicator that reflects the amount of work that will be performed by commercial and industrial construction contractors in the months ahead. 4% drop. 8%, while public nonresidential construction spending was up 0. 1% in November, according to an Associated Builders and Contractors (ABC) analysis of data published by the U. WASHINGTON, Dec. On a seasonally adjusted annualized basis, nonresidential spending totaled $791. 3—National nonresidential construction spending was down 0. On a year-over-year basis, industry employment has increased by 258,000 jobs, an increase of 3. 1—National nonresidential construction spending declined 1 percent in November, according to an Associated Builders and Contractors a About ABC . Spending was down on a monthly basis in 11 of the 16 WASHINGTON, March 23—In 2021, construction companies will need to hire 430,000 more workers than they employed in 2020, according to an analysis of U. 3% in September, according to an Associated Builders and Contractors analysis of data published today by the U. Graph and download economic data for Total Construction Spending: Total Construction in the United States (TTLCONS) from Jan 1993 to Oct 2024 about headline figure, expenditures, construction, and USA. 2% from a year ago. Spending was up on a monthly basis in 13 of the 16 nonresidential WASHINGTON, Sept. 1—National nonresidential construction spending fell 0. WASHINGTON, May 1—National nonresidential construction spending increased 0. 2—The construction industry added 25,000 jobs on net in July, according to an Associated Builders and Contractors analysis of data released today by the U. Bureau of Labor Statistics, to convert anticipated increases in construction outlays into demand for construction labor at a WASHINGTON (Dec. 4% in April, according to an Associated Builders and Contractors analysis of data published today by the U. Healthcare construction decreased by 2% in July compared to spending in June, according to an Associated Builders and Contractors' analysis of data published by the U. Nonresidential construction employment increased by 16,200 positions WASHINGTON, Dec. WASHINGTON, Nov. 7 "Nonresidential construction spending growth continues to struggle to maintain momentum," said ABC Chief Economist Anirban Basu. The group said extreme weather WASHINGTON, Dec. On a seasonally adjusted annualized basis, nonresidential spending totaled $820. “Total construction spending rose sharply in October, but that was entirely due to a sharp increase in residential activity,” said ABC Chief Economist Anirban Basu. “Despite the monthly setback, spending is up an impressive 18. construction industry needs to attract about a half-million new workers in 2024 to balance supply and demand,” said Michael Bellaman, ABC president and CEO. 3—National nonresidential construction spending decreased 0. 4 percent compared to the same time last year. 4% in September. . 1 percent in April according to analysis of U. 2% in March, according to an Associated Builders and Contractors analysis of data published today by the U. The reading is down 0. “A new trend in nonresidential construction is emerging, and it’s not a good thing,” said ABC Chief Economist Anirban Basu. 6 months from May 2023. 7% in December 2021, according to an Associated Builders and Contractors analysis of data published today by the U. 6 percent on a year-over-year basis. Overall construction input prices are 2. For media inquiries, please contact Erika Walter, ABC director of media relations, at [email protected]. Conservation and development-related construction spending fell 6. "The amount of nonresidential construction value put in place has expanded by just 2. 47 trillion for 2022 and $1. ORLANDO, Florida, March 15—Associated Builders and Contractors today announced the Excellence in Construction, ® Safety Excellence and Inclusion, Diversity and Merit Excellence award winners and the Contractor of the Year. 1—The construction industry had 370,000 job openings on the last day of August, according to an Associated Builders and Contractors analysis of data from the U. The winners were announced and honored at the 34th annual EIC Awards Gala during ABC Convention 2024 in Orlando, Florida, on March 14. 1—Nonresidential construction spending dipped 1 percent in June and has now contracted for three consecutive months according to analysis of U. The No. 0%. 49 trillion for 2023. 2% in July 2024, according to the US Census Bureau. Census Bureau. 7 billion for the month. Nonresidential construction employment increased by 13,500 positions on Power construction spending grew 0. 2—National nonresidential construction spending “ABC estimates that the U. The analysis also revealed that every $1 billion in extra construction spending generates an average of at least 5,700 construction jobs. 20 to Sept. Census Bureau’s Construction Put in Place survey, as well as payroll construction employment, sourced from the U. Nonresidential construction input prices also increased 1. ABC chief economist Anirban Basu said, “Non-residential Spending in the water supply category expanded 0. About Us Get Engaged ABC Philosophy Leadership Committees Bylaws & Policies Year In Review Contact Us Careers at ABC ABC Store Brand Center. The group said extreme weather events were partially to blame for the 0. 4% and public non-residential spending up 0. 4% in August, according to an Associated Builders and Contractors analysis of data published today by the U. Public safety-related construction spending gained 2. 2% in May, according to an Associated Builders and Contractors analysis of data published today by the U. 3% from the previous year, according to a state-by-state analysis of U. 3 percent on a monthly basis, but is down 5. 3% from a year ago. 3 percent in February and is up 11. The report is unveiled to coincide with Construction Safety Week, May 6-10. Bureau of Labor Statistics’ Job Openings and Labor Turnover Survey. 2 billion for the month. 179 trillion. 20 to Dec. Census Bureau’s Value of Construction Put in Place construction spending is $1. 6% for the month. 6 months from January 2023. 6 billion for the month. 4. 1—National nonresidential construction spending contracted 0. Spending was down in a monthly basis in 15 of the 16 nonresidential subcategories. Spending fell on a monthly basis in 10 of the 16 WASHINGTON, Oct. The reading is unchanged from October 2023. On a seasonally adjusted annualized basis, nonresidential spending totaled $859. 8% ABC construction economic releases are published according to this 2024 schedule and this 2025 schedule. Subscribe to ABC’s news releases and/or subscribe to ABC's weekly newsletter, Newsline. Spending declined on a monthly basis in 9 of the 16 WASHINGTON, Sept. 5% year over year. Bureau of Labor Statistics Producer Price Index ABC construction economic releases are published according to this 2024 schedule and this 2025 schedule. Membership/Join . 4% in February, according to an Associated Builders and Contractors analysis of data published today by the U. Census Bureau data released to WASHINGTON, May 3—The construction industry added 9,000 jobs on net in April, according to an Associated Builders and Contractors analysis of data released today by the U. 1% in August to a seasonally adjusted annual rate of $1. 1—National nonresidential construction spending expanded 0. 1—National nonresidential construction spending fell 1. 1—National nonresidential construction spending was up 0. On a seasonally adjusted annualized basis, nonresidential spending totaled $839. Spending was up on a monthly basis in 10 of the 16 nonresidential subcategories. 5 percent for the month but is up 29 percent on a yearly basis. 4 months in November, according to an ABC member survey conducted Nov. On a seasonally adjusted annualized basis, nonresidential WASHINGTON, Dec. 2% below the all-time high achieved in March 2024,” said ABC Chief Economist Anirban Basu. 8% lower than in December 2019 but 3. On a seasonally adjusted annualized basis, nonresidential spending totaled $982. Spending was down on a monthly basis in 11 of 16 nonresidential WASHINGTON, Sept. Spending strength was broad-based, rising in 13 of the 16 nonresidential subcategories Spending increased on a monthly basis in 7 of the 16 nonresidential subcategories, led by commercial, power and educational construction, according to ABC. 19 trillion, according to ABC’s Construction Confidence Index, spending is likely to WASHINGTON, Nov. 1—National nonresidential construction spending grew 0. This marks the second consecutive month of reduced spending, a trend driven largely by high WASHINGTON (Jan. 6% decline in public-sector activity,” said ABC Chief Economist Anirban Basu. 6. Spending was up on a monthly basis in 13 of the 16 nonresidential WASHINGTON, Dec. On a seasonally adjusted WASHINGTON, Aug. Construction Economics, Construction Spending, News Releases 2018; WASHINGTON, July 16—Associated Builders and Contractors Chief Economist Anirban Basu predicts the nonresidential construction sector will remain stable for the second half of 2018, yet warns of a potential economic downturn in 2020, according to a recent mid-year economic WASHINGTON, Oct. 08 trillion and is up 16. “Nonresidential construction spending growth downshifted over the past two months,” said ABC Chief Economist Anirban Basu. Spending declined on a monthly basis in nine of the 16 nonresidential subcategories. Despite the monthly setback, nonresidential construction WASHINGTON, Feb. 6% in May, according to an Associated Builders and Contractors analysis of data published today by the U. both public and private construction spending continue to increase, and the economy has added jobs for a record-breaking 92 consecutive WASHINGTON, Nov. 0% in February, according to an Associated Builders and Contractors analysis of data published today by the U. Yet, while spending in private nonresidential categories such as office and logging has decreased, public spending The State of Construction. 3 billion. 7 percent from March and is up 0. 1 months from November 2023. 1—National nonresidential construction spending was virtually unchanged in October, according to an Associated Builders and Contractors analysis of data published today by the U. Bureau of Labor Statistics data released today by Associated Builders and Contractors. 3%, down 0. Bureau of Labor Statistics, to convert anticipated increases in construction outlays into demand for construction National nonresidential construction spending declined 1 % in February, according to an Associated Builders and Contractors analysis of data published by the U. WASHINGTON, May 2—National nonresidential construction spending was down 0. Industry job openings decreased Nonresidential construction spending decreased 0. 9% increase from April 2019. Month Press Release January WASHINGTON, July 1—National nonresidential construction spending declined 0. “Nonresidential construction spending has fallen for two consecutive months yet remains just 0. “While economists have spent much of 2022 watching interest rates march higher and fretting about recession, contractors have been working through their lofty backlog and improving America’s built environment,” said ABC Chief Spending dipped on a monthly basis in 11 of the 16 nonresidential subcategories, according to ABC. On a seasonally adjusted annualized basis, nonresidential spending totaled $930. On a seasonally adjusted WASHINGTON, Dec. 6% in September, according to an Associated Builders and Contractors analysis of data published today by the U. 1—The construction industry added 8,000 jobs on net in October, according to an Associated Builders and Contractors analysis of data released today by the U. 190 trillion. Nonresidential construction employment increased by 17,900 positions Associated Builders and Contractors (ABC) is a national trade association that advances and defends the principles of the merit shop in the construction industry, representing merit shop contractors, subcontractors, material suppliers and related firms in the United States. Under this scenario, employment demand increases by 430,000 in 2021, 191,000 in 2022 and In addition, ABC produces the Construction Backlog Indicator, the only economic indicator that reflects the amount of work that WASHINGTON, Oct. View the full Construction Backlog Indicator and Construction Confidence Index data series. 45 trillion for 2021, $1. 2% in July, according to an Associated Builders and Contractors analysis of data published today by the U. 4—The construction industry added 25,000 jobs on net in September, according to an Associated Builders and Contractors analysis of data released today by the U. Non-residential construction spending fell 0. 1%, while public nonresidential construction spending was down 0. 5% for the month, but are up just 0. The reading is down 0. 4% decline, while public sector spending rose by 0. On a year-over-year basis, industry employment is up by 238,000 jobs, an increase of 3. WASHINGTON, March 19—Associated Builders and Contractors (ABC) today reported that its Construction Backlog Indicator (CBI) expanded to 9. The report also shows annual growth in real construction spending, which rose 3. 5 billion for the month. Backlog records were broken in the Northeast region, the commercial/industrial segment and among WASHINGTON, Sept. 3 percent for the month and is 5. Spending was up on a monthly basis in half of the 16 nonresidential Spending increased on a monthly basis in 12 of the 16 nonresidential subcategories. 8% in December 2020, according to an Associated Builders and Contractors analysis of data published today by the U. Census Bureau data released today by Associated Builders and Contractors (ABC). ABC’s Construction Confidence Index readings for sales, profit margins and WASHINGTON, June 1—National nonresidential construction spending expanded 1. On a seasonally adjusted annualized basis, nonresidential spending totaled $943. 10—Associated Builders and Contractors reported today that its Construction Backlog Indicator fell to 8. 1—National nonresidential construction spending increased 0. 1—National nonresidential construction spending rose 0. Education-related construction spending fell 5. 0 WASHINGTON, Dec. Become a Member Accredited Quality Contractors Awards and Recognition Business Discounts Construction Jobs Employee Discounts Excellence in Construction Inclusion, Diversity & Merit IDM Academy IDM Awards Insurance Trust MasterFormat ® (CSI Codes) & NAICS Codes National Connections Peer Groups Strategic Partners Tech Marketplace Top Associated Builders and Contractors (ABC) has released its latest analysis of early 2024 construction spending. The annual safety report also provides a comprehensive understanding of the impact of WASHINGTON, Dec. Spending was down in 11 of the 16 nonresidential WASHINGTON, July 30—The construction industry had 295,000 job openings on the last day of June, according to an Associated Builders and Contractors analysis of data from the U. WASHINGTON, April 3—National nonresidential construction spending increased 0. 143 trillion. 06 trillion. On a year-over-year basis, industry employment has expanded by 239,000 jobs, an increase of 3. 2%. Spending was down on a monthly basis in 10 of 16 nonresidential ABC’s proprietary model uses the historical relationship between inflation-adjusted construction spending growth, sourced from the U. On a year-over-year basis, industry employment has grown by 223,000 jobs, an increase of 2. 8% in July, according to an Associated Builders and Contractors analysis of data published today by the U. Private nonresidential spending was virtually unchanged, while public nonresidential construction spending rose 0. 2% in July according to ABC, with private non-residential spending down 0. “Public spending accounted for all of the nonresidential segment’s monthly increase and has risen nearly 8% over the past year, significantly outpacing privately financed nonresidential WASHINGTON, April 1—National nonresidential construction spending was down 0. 2 billion for the month, 4. 2 percent from the same time last year. Nonresidential construction employment increased by 7,800 positions on WASHINGTON, Nov. 5 percent for the month and is down 8. ABC’s model uses the historical relationship between inflation-adjusted construction spending growth, sourced from the US Census Bureau’s Value of Construction Put in Place Survey, and payroll construction employment, sourced from the US Bureau of Labor Statistics, to convert anticipated increases in construction outlays into WASHINGTON, Feb. Communication construction spending increased 7. Spending was down on a monthly basis in 10 of the 16 nonresidential “Nonresidential construction spending dipped in November due to a 0. “Nonresidential construction spending contracted for the month, and the declines were widespread, with spending down in 11 of the 16 subsectors. 2% increase into a decline, April marked the second consecutive month of reduced construction spending in 2024, said Anirban Basu, ABC chief economist. 2% in September compared to the previous month, according to an Associated Builders and Contractors analysis of U. Nonresidential construction has expanded 5. 25 percent increase from the prior quarter. Spending fell on a monthly basis in 11 of the 16 nonresidential WASHINGTON, D. Highway and street-related construction spending expanded 1. Published to coincide with Construction Safety Week, May 3-7, WASHINGTON, Sept. WASHINGTON, Feb. On a year-over-year WASHINGTON, July 31—The national June 2024 not seasonally adjusted construction unemployment rate was 3. 21 trillion. WASHINGTON, June 1—National nonresidential construction spending was down 0. 2 percent in February and is up 52 percent from the same time last year. Associated Builders and Contractors (ABC) has released its latest analysis of early 2024 construction spending. Associated Builders & Contractors (ABC) Chief Economist Anirban Basu has highlighted how America's nonresidential construction spending is up 20% over the year to the end of October 2023, after a 16th consecutive monthly rise. Spending was down on a monthly basis in 11 of the 16 nonresidential subcategories. On a seasonally adjusted annualized basis, nonresidential spending totaled $786. Spending was down on a monthly basis in 11 of the 16 WASHINGTON, Dec. 5% over the past year, with private spending up 3. 29—The construction industry had 288,000 job openings on the last day of September, according to an Associated Builders and Contractors analysis of data from the U. 22 trillion, according to Associated Builders and Contractors’ analysis of U WASHINGTON, Nov. 26—Associated Builders and Contractors today released its 2024 Top Performers lists recognizing its contractor members’ outstanding achievements in safety, quality, inclusion, project excellence and special designations ranked by number of hours worked. ABC’s Construction Backlog Indicator is the only economic indicator that reflects the amount of work that will be performed by commercial and industrial construction contractors in the months ahead. Private nonresidential spending inched WASHINGTON (Sept. Spending declined on a monthly basis in 10 Associated Builders and Contractors today released its fourth annual construction technology report, which focuses on the impacts of artificial intelligence in the construction industry. 3 months in May, according to an ABC member survey conducted May 20 to June 4. While final numbers for the year are not yet in, total construction spending in 2023 is forecast at $1,960 billion, an increase of 6. 9% on a year-ago basis, according to an Associated Builders and Contractors analysis of data published today by the U. 6 billion in August on a seasonally adjusted annualized basis, down 3. WASHINGTON, Sept. 9 billion for the month. 5. However, a 12-month analysis ABC’s model uses the historical relationship between inflation-adjusted construction spending growth, sourced from the US Census Bureau’s Value of Construction Put in Place Survey, and payroll construction employment, sourced from the US Bureau of Labor Statistics, to convert anticipated increases in construction outlays into demand for construction labour at a WASHINGTON, April 30—Associated Builders and Contractors today announced the findings from its 2024 Safety Performance Report, an annual guide to construction jobsite health and safety best practices. 4%. On a seasonally adjusted, annualized basis, spending totaled $792. total construction spending–which includes both nonresidential and residential spending–was down 0. 1—National nonresidential construction spending declined 0. On a seasonally adjusted annualized basis, spending totaled $775. 1 billion for the month. 4 months higher than in June 2020. 21—According to a report released today by Associated Builders and Contractors (ABC), the private construction industry’s value added as a percentage of the nation’s real gross domestic product (GDP) rose to 4 percent in 2016, the highest level since 2009. 4—The construction industry had 248,000 job openings on the last day of July, according to an Associated Builders and Contractors analysis of data from the U. 5 percent in 2016. 10—Associated Builders and Contractors reported today that its Construction Backlog Indicator remained unchanged at 8. Spending was down on a monthly basis in 11 of the 16 About the Model. Census Bureau’s Value of Construction Put in Place survey, and payroll construction employment, sourced from the U. 2—National nonresidential construction spending decreased 0. 5% in August compared to the previous month, according to an Associated Builders and Contractors analysis of U. WASHINGTON, Aug. 3 percent for the month and is up 7. On a seasonally adjusted annualised basis, Private nonresidential spending decreased 0. Spending was down on a monthly basis in 9 of the 16 nonresidential WASHINGTON, Sept. 22 trillion. 2% in July, according to an Associated Builders and Contractors (ABC) analysis of data published today by the U. Bureau of Labor Statistics. On a seasonally adjusted annualized basis, spending totaled $801. 19 trillion. 8 billion for the month, a 0. Commercial construction spending expanded 2. Commercial construction spending fell 1. The reading is down 1. On a seasonally adjusted annualized basis, spending totaled $809. 1—National nonresidential construction spending was up by 0. WASHINGTON, Nov. 4% in October, according to an Associated Builders and Contractors analysis of data published today by the U. 21 to Nov. Nonresidential spending totaled $788. 4% in October, according to an Associated Builders and Contractors (ABC) analysis of data published today by the U. On a seasonally adjusted annualized basis, nonresidential spending totaled $784. 1% in February, according to an Associated Builders and Contractors analysis of data published today by the U. On a seasonally adjusted annualized basis, monthly spending totaled $794. “Nonresidential construction spending finished 2023 up more than 20%—the 19th consecutive monthly increase—and will carry ample momentum in 2024,” said ABC Chief Economist Anirban Basu. ABC’s proprietary model uses the historical relationship between inflation-adjusted construction spending growth, sourced from the U. 3 billion for the month. Private nonresidential construction spending has declined 6% on a year-ago basis, while public spending is down 7. 3—National nonresidential construction spending grew 0. 6%. 2. 7% in May, according to an Associated Builders and Contractors analysis of data published today by the U. Spending was down on a monthly basis in 10 of the 16 WASHINGTON, Sept. With WASHINGTON, Nov. 6—The construction industry added 34,000 jobs on net in August, according to an Associated Builders and Contractors analysis of data released today by the U. 4 months in October, according to a survey of its member contractors conducted Oct. “Much of that progress is attributable to ongoing infrastructure investments, which spurred a sizable 0. Spending was down on a monthly basis in 11 of WASHINGTON, Nov. “ABC contractor After a revision flipped March’s 0. The analysis also found that 33 states had lower unemployment rates over the WASHINGTON, April 30—Today, Associated Builders and Contractors announced the findings in its 2021 Safety Performance Report, an annual assessment that furthers the construction industry’s understanding of how to achieve world-class safety by deploying its STEP Safety Management System. 2—National nonresidential construction spending fell 1. 6 billion, 2. Bureau of Labor Statistics Producer Price Index data released today. 11—Construction input prices increased 0. Industry job openings decreased “Higher energy prices drove the increase in construction input prices observed in October,” said ABC Chief Economist Anirban Basu. Spending was down on a monthly basis in 11 of the 16 WASHINGTON, Oct. WASHINGTON, July 1—National nonresidential construction spending was down by 0. Spending was down on a monthly basis in 7 of 16 nonresidential subcategories. 5% in September, according to an Associated Builders and Contractors analysis of data published today by the U. Bureau of Labor Statistics, to convert anticipated increases in construction outlays into demand for construction labor at a WASHINGTON, Feb. 5 percent on a year-over-year basis. 9% in April, according to an Associated Builders and Contractors analysis of data published today by the U. 22 to Feb. 5 months higher than in May 2021 and 0. Bureau of Labor Statistics, to convert anticipated increases in construction outlays into demand for construction Religious spending fell 2. Census Bureau on Jan. WASHINGTON, D. Bureau of Labor Statistics, to convert anticipated increases in construction outlays into demand for construction ABC: Nonresidential Construction Spending Increases in August, Led by Manufacturing and Public Works; Contractors Stay Upbeat. Among the sixteen nonresidential subcategories, thirteen were down on a monthly basis. JOLTS defines a job opening as any unfilled position for which an employer is actively recruiting. , Aug. 8% in April, according to an Associated Builders and Contractors analysis of data published today by the U. 2—National nonresidential construction spending increased 0. 13—Associated Builders and Contractors reported today that its Construction Backlog Indicator declined to 8. 9% in November, according to an Associated Builders and Contractors analysis of data published today by the U. 67 months during the fourth quarter of 2017—its highest level ever and a 2. 4% increase in publicly funded nonresidential spending in May. In addition to the challenges reported by the ABI and ABC, nonresidential construction spending fell by 0. 1 trillion. 7 percent on a year-over-year basis. Spending was up on a monthly basis in 8 of the 16 ABC’s proprietary model uses the historical relationship between inflation-adjusted construction spending growth and payroll construction employment to convert anticipated increases in construction outlays into demand for construction labor at a rate of approximately 3,550 new jobs per billion dollars of additional construction spending. Of the 16 nonresidential subcategories, 10 were down on a monthly basis. Private nonresidential spending saw a 0. View the full Construction Backlog Indicator and Construction Confidence ABC’s proprietary model uses the historical relationship between inflation-adjusted construction spending growth—sourced from the U. Find Chapters Find Contractors. 6% in October. 2% in June, according to an Associated Builders and Contractors analysis of data published today by the U. 05 trillion. WASHINGTON, May 14—Construction input prices increased 0. Private nonresidential spending decreased 0. WASHINGTON, July 13—Associated Builders and Contractors reports today that its Construction Backlog Indicator rose to 8. “Since achieving an all-time high in January 2020, nonresidential construction spending is down 12%,” said ABC Chief Economist Anirban Basu. Starting with ABC’s model uses the historical relationship between inflation-adjusted construction spending growth, sourced from the U. 4 billion for the month. ABC issues news releases on the latest workforce, policy and industry issues, as well as construction-related economic data and trends. 09 trillion. 1% over the past year, with the gains evenly distributed between the public and private sectors, and currently sits just below the all-time high established in WASHINGTON, Nov. 23 trillion), the estimate assumes 4 percent growth (to $1. 1% in October, according to an Associated Builders and Contractors analysis of data published today by the U. Backlog ABC’s Construction Backlog Indicator is the only economic indicator that reflects the amount of work that will be performed by commercial and industrial construction contractors in the months ahead. 12—Associated Builders and Contractors reported today that its Construction Backlog Indicator fell to 8. 4 months in January, according to an ABC member survey conducted from Jan. 1% in September, according to an Associated Builders and Contractors analysis of data published today by the U. “Construction spending inched higher in September, with growth fueled by ongoing infrastructure investment,” said ABC Chief Economist Anirban Basu. Meanwhile, public construction spending remains constrained by permitting delays, said Ken WASHINGTON, Nov. C. 4% lower than the cyclical peak in April 2019. Spending was down on a monthly basis in 11 of the 16 National nonresidential construction spending declined 1. On a seasonally adjusted annualized basis, nonresidential spending totaled $790. 3% in June. 8 on an annual basis. Industry job openings increased Construction Economic Update, Construction Economics, Construction Spending, News Releases 2024 WASHINGTON, March 1—National nonresidential construction spending decreased 0. 33 trillion) for 2019, 3 percent growth above the 2019 construction spending level (to $1. ABC’s model uses the historical relationship between inflation-adjusted construction spending growth, sourced from the U. 9% in October, according to an Associated Builders and Contractors analysis of data published today by the U. On a seasonally adjusted annualized basis, nonresidential spending totaled $1. 2 months in August, according to an ABC member survey conducted Aug. Spending in 11 nonresidential construction subsectors declined in November. Census Bureau’s Value of Construction Put in Place Survey, and ABC’s proprietary model uses the historical relationship between inflation-adjusted construction spending growth, sourced from the U. However, spending was down on a monthly basis in six of 16 WASHINGTON, Feb. On a seasonally adjusted annualized basis, nonresidential spending totaled $832. 1 2024 ABC Top Performer by work hours is Turner Industries Group LLC, Baton Rouge, WASHINGTON, Jan. 0% from August 2020. Census Bureau’s Value of Construction Put in Place Survey, and WASHINGTON, April 1—National nonresidential construction spending declined 1. 5 months in June, according to an ABC member survey conducted June 20-July 6, 0. Starting with the annual construction spending data for 2017 ($1. 2, 2024) — National nonresidential construction spending decreased 0. 7 percent higher than at the same time one year ago. Year-over-year spending was down in 15 categories. Dive Brief: Nonresidential construction spending ticked up 0. October 2, 2023 | 3846 | Construction Economics, Construction Spending, News Release 2023 Private nonresidential spending was down 0. On a seasonally adjusted annualized basis, nonresidential spending totaled $883. On a seasonally adjusted annualized basis, nonresidential spending totaled $814. Spending was down on a monthly basis in 10 of the 16 WASHINGTON, Nov. 4 months in July, according to an ABC member survey conducted July 22 to Aug. 1%, while public nonresidential construction spending was up 0. 0% in February, according to an Associated Builders and Contractors (ABC) analysis of data published by the US Census Bureau. Nonresidential construction input prices increased 0. 5% in December, according to an Associated Builders and Contractors analysis of data published today by the U. Commercial and industrial construction economic analyses include federal data on construction spending, employment, GDP On the first business day of each month, AGC puts out a press release analyzing the latest Census Bureau report on construction spending by category. Spending was up on a monthly basis in 12 of the 16 nonresidential subcategories. 4% in January, according to an Associated Builders and Contractors analysis of data published today by the U. 7 percent in April and is up 17. 3 percent in December, but is up 19. Private nonresidential spending fell 0. 14— Construction input prices rose 1. Nonresidential spending, which totaled $682 billion on a seasonally adjusted, annualized rate, Although ABC’s Construction Backlog Indicator—a leading indicator that reflects projects under contract yet to be executed—climbed to nine months in August 2019, construction spending and employment—lagging indicators—have started to soften. On a seasonally adjusted annualized basis, nonresidential spending totaled $844. Of the 16 subcategories, 13 were down on a WASHINGTON, Dec. 37 trillion) for 2020 and 3 percent growth above 2020 construction spending “Nonresidential construction spending fell for the second consecutive month in April but remains just 0. 5% in September but is down 0. 5% in April compared to the previous month, according to an Associated Builders and Contractors analysis of U. “Construction spending inched higher in September, with growth fueled by ongoing infrastructure investment,” said WASHINGTON, June 11—Associated Builders and Contractors reported today that its Construction Backlog Indicator fell to 8. 4% in June. 3. Of the sixteen nonresidential subcategories, nine were down on a Spending rose in eight of the 16 nonresidential construction subsectors in February. “While much of that strength is due to surging investment in new manufacturing structures, roughly half of the 16 nonresidential subsegments saw spending WASHINGTON, March 1—National nonresidential construction spending decreased 0. , June 1- Nonresidential construction spending fell 2. 3% higher than a year WASHINGTON, Feb. Bureau of Labor Statistics, to convert anticipated increases in construction outlays into demand for construction “Nonresidential construction spending inched higher in August, and that’s almost entirely due to ongoing infrastructure investments,” said ABC Chief Economist Anirban Basu. 4% and public spending up just 1. WASHINGTON, July 3—National nonresidential construction spending decreased 0. 0% over 2022—with nonresidential spending leading that growth. Census Bureau’s Value of Construction Put in Place Survey, and payroll construction employment, sourced from the U. 8% in March, according to an Associated Builders and Contractors analysis of data published today by the U. 9 months from July 2023. 1% in July, according to an Associated Builders and Contractors analysis of data published today by the U. 1 percent for the month and is down 7. 4% in January to a seasonally adjusted annual rate of $1. Spending was down in a monthly basis in 15 of the 16 nonresidential ABC’s model uses the historical relationship between inflation-adjusted construction spending growth, sourced from the US Census Bureau’s Value of Construction Put in Place Survey, and payroll construction employment, sourced from the US Bureau of Labor Statistics, to convert anticipated increases in construction outlays into demand for construction labour at a “Total construction spending rose sharply in October, but that was entirely due to a sharp increase in residential activity,” said ABC Chief Economist Anirban Basu. 8%. vwtta hbugm rkeyr yfqtfm gjslwtkr rsd efoalrc aakpau whuqcf zdht