Economy

WASHINGTON, Dec. 2—National nonresidential construction spending decreased 0.4% in October, 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 $...

Moving into 2025, I have my eye on stagnant and declining property valuations in certain segments, the most notable of which is the office category. It’s no secret that the pandemic and the rise of remote work fundamentally altered the demand for office space. While construction ...

Following a gangbuster year in 2023, spending on the construction of nonresidential buildings is estimated to slow to a more modest pace of growth of just over 7% this year. Next year, gains in spending are projected to grow just 2%, according to the American Institute of Archite...

WHAT WE LEARNED IN NOVEMBER: CONSTRUCTION INDUSTRY POWERS TOWARD AN UNCERTAIN 2025 The construction industry exhibited healthy growth over the past few months. Contractors continue to hire, labor availability is improving and materials prices have fallen over the past year. Whi...

WASHINGTON, Nov. 14—Construction input prices increased 0.3% in October 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 pri...

WASHINGTON, Nov. 12—Associated Builders and Contractors reported today that its Construction Backlog Indicator fell to 8.4 months in October, according to a survey of its member contractors conducted Oct. 21 to Nov. 4. The reading is unchanged from October 2023. View ABC’s Const...

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...