Markets

WASHINGTON, June 2—National nonresidential construction spending decreased 0.1% in April, 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....

Housing costs have been rising steeply for the past few years, with the country’s largest urban centers taking the brunt of price increases. Accelerating urbanization is putting intense pressure on a housing stock that’s already insufficient, despite the relatively intense pace o...

WHAT WE LEARNED IN MAY: TRADE POLICY CONTINUES TO CLOUD OUTLOOK Construction-specific economic data released in May provide mixed signals. Nonresidential construction spending fell sharply in April, and industrywide job openings are down significantly over the past year. At the...

WASHINGTON, May 15—Construction input prices decreased 0.1% in April compared to the previous month, according to an Associated Builders and Contractors analysis of U.S. Bureau of Labor Statistics’ Producer Price Index data. Nonresidential construction input prices increased 0.2%...

While covering the 2024 ABC Construction Technology and Innovation Committee Field Trip, Construction Executive found itself at the JLG Innovation Center in Hagerstown, Maryland, where brainstorming, prototyping, product testing and sneak-peaking all take place. In addition to de...

WASHINGTON, May 13—Associated Builders and Contractors reported today that its Construction Backlog Indicator rose to a 20-month high of 8.7 months in April, according to an ABC member survey conducted April 22 to May 6. The reading is up 0.3 months since April 2024. View ABC’s ...

Between data center development, transportation projects, energy projects, electrification initiatives, large-scale utility plants, major-scale manufacturing plants and industrial projects, contractors are bidding on large, complex capital projects more often than ever before. W...

WASHINGTON, May 2—The construction industry added 11,000 jobs in April, 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 grown by 143,000 jobs, an increas...

WASHINGTON, May 1—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 $1.2...

In the five years following the COVID-19 pandemic, the office market has undergone a profound transformation, significantly influencing construction and real estate development. The pandemic-induced shift towards remote and hybrid work models has led to a reevaluation of traditio...