Economy

WASHINGTON, Oct. 29—The construction industry had 288,000 job openings on the last day of September, 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 ...

WHAT WE LEARNED INTO OCTOBER: CONSTRUCTION INDUSTRY POWERS INTO FOURTH QUARTER Construction industry dynamics held steady in September. Contractors keep hiring, and manufacturing and infrastructure investments continue to ramp higher, while labor remains scarce and the resident...

WASHINGTON, Oct. 11—Construction input prices decreased 0.9% in September 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 p...

During CE’s "2024 Q3 Construction Economic Update and Forecast," Anirban Basu admitted there are reasons to be optimistic about the construction industry as 2024 enters its final quarter, but left viewers with his steadfast grain of salt: a recession is coming in 2025. Review the...

WHAT WE LEARNED IN SEPTEMBER: INDUSTRY RETAINS ADEQUATE MOMENTUM AS FEDERAL RESERVE BEGINS LOWERING RATES The Federal Reserve reduced the target range of the Federal Funds Rate by 50 basis points at its September meeting. The rate cut comes 30 months after this cycle’s first ra...

WASHINGTON, Sep. 12—Construction input prices increased 0.1% in August 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 pric...

WASHINGTON, Sept. 3—National nonresidential construction spending decreased 0.2% in July, 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....

WASHINGTON, Aug. 13—Construction input prices increased 0.4% in July 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 ...

WHAT WE LEARNED IN AUGUST: CONSTRUCTION INDUSTRY SLOW, RATE CUTS NEAR Construction spending decreased, contractor confidence tumbled and construction job openings plummeted during the most recent months. Despite those signs of decaying momentum, backlog held steady in July, and ...

While there’s reason for some optimism over what’s ahead in 2024 for the construction economy, it’s too soon for the industry to rest assured that inflation and its ripple effects on business are a thing of the past. Sure, inflation relented in 2023, ending at 3.4% for the 12-mo...