Tag: Associated Builders and Contractors

  • ABC’s Construction Economic Update-Nonresidential Construction Spending Falls in December

    Nonresidential Construction Spending Falls in December December represented the end of a three-month winning streak for nonresidential spending growth. According to a Feb. 3 release by the U.S. Census Bureau, nonresidential construction spending fell 1.3 percent on a monthly basis and 1.1 percent on a yearly basis in December. Spending for the month totaled $573.07…

  • Construction Backlog Up 10 Percent In Second Quarter

    August 16, 2011 Washington, D.C. – Associated Builders and Contractors (ABC) today reports that its Construction Backlog Indicator (CBI) increased 10 percent in the second quarter of 2011 to an average of 8.1 months, up from 7.3 months the previous quarter. The CBI is 12 percent higher than one year ago. CBI is a forward-looking…

  • NEWS RELEASE – ABC SUPPORTS CONSTRUCTION SPENDING IN STIMULUS PACKAGE

    Washington, D.C. – Associated Builders and Contractors (ABC) today expressed its strong support for the construction infrastructure spending in the American Recovery and Reinvestment Act of 2009 (H.R. 1). The stimulus package contains more than $160 billion in infrastructure funding for the construction of federal buildings, schools, highways, bridges, workforce development and additional programs.

  • Private Nonresidential Construction Bounces Back Slightly in September 2008

    November 3, 2008 Private Nonresidential Construction Bounces Back Slightly in September Summary After two months of decline, private nonresidential construction spending increased (1.3 percent) in September compared to August, according to the Nov. 8 report by the U.S. Census Bureau. Private nonresidential construction spending hit $415.2 billion in September. Overall, total nonresidential construction spending topped…