Construction Futures: February 2025 Economic Roundup
Rising prices, slowing employment, rising backlog, slowing spending. Contractors show no cause for concern despite the recent volatility of the construction industry.
Construction Materials Prices Increase 1.4% in January, Up 40.5% Since February 2020
Construction materials prices continue to rise, up a whopping near-41% over the last five years.
2025 Small Business Outlook for the Construction Sector
Small construction businesses have a further-reaching effect than it might seem. If you own, work at or work with a small construction company, pay attention to this year's outlook.
Pressing Questions: Construction Leaders Address the Decade’s Top Concerns
Some of the brightest minds in the industry discuss their hopes and fears for the year ahead—and beyond.
Nonresidential Construction Spending Down 0.2% in December; Data Centers and Manufacturing Make Up 94% of Spending Increase in 2024
Nonresidential construction spending was down again in December, primarily in the public sector.
Construction Futures: January 2025 Economic Roundup
While construction backlog, spending and overall momentum slowed in the first month of the year, contractor confidence is unyielding.
Construction Backlog Indicator Slips in December, Contractor Confidence Remains Elevated
Year over year, ABC's Construction Backlog Indicator is down 0.3 months December 2023 to December 2024.
Construction Underperforms Broader Economy in December Jobs Report
As the construction labor force stalled at year's end in 2024, the workforce only logged 8,000 jobs added in December.
