Construction input prices increased 1.8% in December 2020 compared to the previous month, according to an Associated Builders and Contractorsanalysis of the U.S. Bureau of Labor Statistics’ Producer Price Index data released today. Nonresidential construction input...
WASHINGTON, Dec. 8—Associated Builders and Contractors reported today that its Construction Backlog Indicator declined to 7.2 months in November, a decrease of 0.5 months from October’s reading, according to an ABC member survey conducted from Nov. 20 to Dec. 2....
Associated Builders and Contractors’ Chief Economist Anirban Basu forecasts a recession threat for the construction sector next year, but has illuminated some potential economic bright spots, such as e-commerce and Class B office space, according to a 2021...
Like most of the economy, construction, and therefore construction employment, was hit hard by the spread of COVID-19 and measures to limit the pandemic. However, construction performed better than many other occupational groups and has been relatively quick to...
The construction industry added 84,000 net new jobs in October, according to an Associated Builders and Contractors analysis of data released today by the U.S. Bureau of Labor Statistics. During the last six months, the industry has added 789,000 jobs, recovering 73%...
Associated Builders and Contractors reports that its Construction Backlog Indicator rebounded to 7.7 months in October, an increase of 0.2 months from September’s reading, according to an ABC member survey conducted from Oct. 20 to Nov. 5. Backlog is 1.2 months lower...
