ABC’s Construction Backlog Plunges in November; Contractor Optimism Falters
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....ABC’s 2021 Construction Economic Forecast: Recovery Shape Forms a ‘W,’ Recession Threat Remains
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...Construction Unemployment Rates Down in 20 States; Ohio Records One of the Five Highest for the Third Month in a Row
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...Nonresidential Construction Employment Expands in October, Says ABC
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%...ABC’s Construction Backlog Indicator Rebounds in October; Contractor Optimism Rises
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...Nonresidential Construction Spending Declines Further in September, Says ABC
National nonresidential construction spending fell 1.6% in September, according to an Associated Builders and Contractors analysis of data published today by the U.S. Census Bureau. On a seasonally adjusted annualized basis, monthly spending totaled $794.3 billion....U.S. Economy Expands at 33.1% Annual Rate in Q3 of 2020, says ABC
The U.S. economy expanded at an annualized rate of 33.1% during the third quarter of 2020, helping to offset a significant share of the economic loss sustained during the second quarter, according to an Associated Builders and Contractors analysis of data released...SBA, Treasury Release Updated PPP Guidance
The SBA and the Department of Treasury released updated guidance and FAQs for the Paycheck Protection Program (PPP). SBA and Treasury released the updated version of the guidance to provide additional clarification to address borrower and lender questions related to...ABC’s Construction Backlog Indicator Rebounds in August; Contractor Optimism Builds
WASHINGTON, Sept. 15—Associated Builders and Contractors reported today that its Construction Backlog Indicator rebounded to 8.0 months in August, an increase of 0.2 months from July’s reading, according to an ABC member survey conducted Aug. 20-Sept. 1. The August...