Tagged Posts: Construction Economics

ABC’s Construction Backlog Indicator Falls Sharply in November, Confidence in Profit Margins Dips

Associated Builders and Contractors reported today that its Construction Backlog Indicator fell to 8.1 months in November, according to an ABC member survey conducted Nov. 20 to Dec. 8. The reading is down 0.3 months since both October 2025 and November 2024. View the full Construction Backlog Indicator and Construction…

Andrew DeVito In National, News

ABC: Construction Job Openings Remain ‘Extraordinarily Low’ in October

The construction industry had 213,000 job openings on the last day of October, according to an Associated Builders and Contractors analysis of data from the U.S. Bureau of Labor Statistics’ Job Openings and Labor Turnover Survey. JOLTS defines a job opening as any unfilled position for which an employer is…

Andrew DeVito In National, News

ABC: Construction Backlog Stable; Contractors Remain Optimistic, Fueled by Data Center Growth

Associated Builders and Contractors reported today that its Construction Backlog Indicator remained unchanged at 8.5 months in September, according to an ABC member survey conducted Sept. 22 to Oct. 6. The reading is down 0.1 months since September 2024. View the full Construction Backlog Indicator and Construction Confidence Index data series.…

Andrew DeVito In National, News

ABC: Construction Employment Growth Anemic in July

The construction industry added 2,000 jobs on net in July, according to an Associated Builders and Contractors analysis of data released today by the U.S. Bureau of Labor Statistics. On a year-over-year basis, industry employment has increased by 96,000 jobs, or 1.2%. Nonresidential construction employment increased by 6,400 positions on…

Andrew DeVito In National, News

ABC: Every State Had June Construction Unemployment Rates Below 10%

The national June 2025 not seasonally adjusted construction unemployment rate was 3.4%, a 0.1% increase from June 2024, according to a state-by-state analysis of U.S. Bureau of Labor Statistics data released today by Associated Builders and Contractors. The analysis found that 18 states had lower estimated construction unemployment rates over the same…

Andrew DeVito In National, News

Nonresidential Construction Spending Down 0.2% in May, Says ABC

National nonresidential construction spending decreased 0.2% in May, according to an Associated Builders and Contractors analysis of data published today by the U.S. Census Bureau. On a seasonally adjusted annualized basis, nonresidential spending totaled $1.237 trillion. Spending was down on a monthly basis in half of the nonresidential subcategories. Private…

Andrew DeVito In National, News

ABC: Tariffed Construction Materials Prices Rise in May

Construction input prices increased 0.2% in May compared to the previous month, according to an Associated Builders and Contractors analysis of U.S. Bureau of Labor Statistics’ Producer Price Index data released today. Nonresidential construction input prices increased 0.3% for the month. Overall construction input prices are 1.3% higher than a…

Andrew DeVito In National, News

ABC: Contractors’ Backlog Falls Sharply in May

Associated Builders and Contractors reported today that its Construction Backlog Indicator fell to 8.4 months in May, according to an ABC member survey conducted May 20 to June 3. The reading is up 0.1 months since May 2024. View the full Construction Backlog Indicator and Construction Confidence Index data series. While…

Andrew DeVito In National, News

ABC: Construction Job Openings Decreased by 3,000 in April, Down 45% Since December 2023

The construction industry had 248,000 job openings on the last day of April, according to an Associated Builders and Contractors analysis of data from the U.S. Bureau of Labor Statistics’ Job Openings and Labor Turnover Survey. JOLTS defines a job opening as any unfilled position for which an employer is…

Andrew DeVito In National, News

ABC: Nonresidential Construction Spending Plunges in March

National nonresidential construction spending decreased 0.5% in March, according to an Associated Builders and Contractors analysis of data published today by the U.S. Census Bureau. On a seasonally adjusted annualized basis, nonresidential spending totaled $1.25 trillion. Spending was down on a monthly basis in 11 of the 16 nonresidential subcategories.…