Economy

Nonresidential Construction Spending Falls in April, Says ABC

by ABC | Jun 2, 2020
Economy | Markets

National nonresidential construction spending decreased by 1.8% in April, according to an Associated Builders and Contractors analysis of data published by the U.S. Census Bureau.

Building Resilience: Rethinking the Industry’s Approach to Construction

by Nathan Doughty | May 28, 2020
Economy | Markets

The entire industry is responsible for focusing on the well-being of people and society while looking to meet evolving opportunities and future challenges. These focus areas are critical as we enter the second quarter of 2020.

Drop in April Construction Input Prices Could Help Stabilize Nonresidential Sector

by ABC | May 14, 2020
Economy | Markets | Total Human Health

Construction input prices fell 4.4% in April from the previous month, according to an ABC analysis of BLS Producer Price Index data. Nonresidential construction input prices declined 4.2% for the month.

U.S. Economy Fell 4.8% in First Quarter of 2020 Due to COVID-19, Says ABC

by ABC | May 13, 2020
Economy | Markets | Total Human Health

The U.S. economy contracted at an annualized 4.8% rate during the first quarter of 2020 as a result of the ongoing global pandemic, according to an ABC analysis of BEA data. The decline in GDP is largely a reflection of the final three weeks of March, which devastated the economy.

From All Systems Go to a Deep Recession in One Month

by Anirban Basu | May 13, 2020
Economy | Features | Markets

The economy has gone from the equivalent of 60 to 0 in the blink of an eye after social distancing directives permeated the nation. To try to understand the magnitude of the crisis, Anirban Basu compares it to previous events and evaluates the significance of events.

Contractor Confidence Rebounds Slightly, Despite Low Backlogs

by ABC | May 12, 2020
Economy | Markets

ABC's Construction Backlog Indicator fell to 7.8 months in April, the series’ lowest reading since the third quarter of 2012. Yet, companies express positive hiring expectations for the remainder of the year.

Many Contractors Concerned About Longer-Term Impacts of Crisis, Survey Reveals

by Dodge Data and Analytics | May 6, 2020
Business Development | Economy | Markets

A new study shows two-thirds of the industry is already experiencing project delays, 87% expect to see their businesses impacted in the next three months and very few believe insurance will likely provide a sufficient backstop to the challenges they face.

Nonresidential Construction Spending Falls Slightly in March, Says ABC

by ABC | May 6, 2020
Economy | Markets

National nonresidential construction spending fell 0.1% in March and is up 2.0% compared to the same time last year, according to an Associated Builders and Contractors analysis of data published by the U.S. Census Bureau.

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Nonresidential Construction Spending Falls in April, Says ABC

Building Resilience: Rethinking the Industry’s Approach to Construction

Drop in April Construction Input Prices Could Help Stabilize Nonresidential Sector

U.S. Economy Fell 4.8% in First Quarter of 2020 Due to COVID-19, Says ABC

From All Systems Go to a Deep Recession in One Month

Contractor Confidence Rebounds Slightly, Despite Low Backlogs

Many Contractors Concerned About Longer-Term Impacts of Crisis, Survey Reveals

Nonresidential Construction Spending Falls Slightly in March, Says ABC

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