ARTICLES

Healthy backlog signals rebound in construction industry

August 22, 2014
The Construction Backlog Indicator produced by Associated Builders and Contractors reached an all-time high in the second quarter of 2014. Read More

Worrisome situation in Iraq may impact construction prices

June 20, 2014
Overall construction materials prices remained flat in May but are up 1.6 percent year over year, according to this month’s Producer Price Index supplied by the U.S. Department of Labor. Read More

Construction materials prices climb 11 percent in February

March 21, 2011

For the fifth consecutive month, prices for construction materials increased, rising 1.1 percent in February according to the March 16 Producer Price Index report by the Department of Labor. Year-over-year, construction materials prices are up 6.1 percent.

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Construction backlog shows positive growth in 4Q 2010

February 19, 2011

Associated Builders and Contractors has reported that its Construction Backlog Indicator for the fourth quarter of 2010 averaged 7.1 months, up from seven months in the third quarter of last year — an improvement of 1.4 percent. In addition, CBI is up 21.3 percent from a low of 5.8 months in the fourth quarter of 2009. CBI is a forward-looking indicator that measures the amount of construction work under contract to be completed in the future.

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Construction unemployment hits 22.5 percent in January

February 12, 2011

Despite a slight decrease in the national unemployment rate, job losses continue to mount in the construction industry, as the unemployment rate rose to 22.5 percent in January, according to the Feb. 4 employment report by the U.S. Labor Department.

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Construction materials Prices higher in December

January 24, 2011

The cost of construction materials continued to rise in 2010, closing up 0.9 percent in December, according to the Jan. 13 producer price index report by the U.S. Labor Department. Overall, producer prices last month were 5.4 percent above December 2009 levels.

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Construction unemployment hit 20.7 percent in December 2010

January 14, 2011

Despite a slight drop in the nation’s unemployment rate, the construction industry ended 2010 with a jobless rate of 20.7 percent, according to the Jan. 7 report by the U.S. Labor Department. The construction industry lost 16,000 jobs last month, and 93,000 jobs, or 1.6 percent, compared to December 2009. While the unemployment rate was up from 18.8 percent last November, it is down from 22.7 percent in December 2009. The average annual unemployment rate for the construction industry in 2010 was 20.6 percent. That compared to 19.0 percent in 2009 and 10.6 percent in 2008.

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Nonresidential construction jobs down slightly in November

December 20, 2010

The nonresidential construction sector lost 300 jobs in November, according to an employment report by the U.S. Labor Department. Year-over-year, nonresidential construction is down 7,600 jobs, or 1.1 percent, and employment stands at 685,700 jobs.

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Kellogg reaffirms guidance

December 13, 2010

For fiscal year 2010, Kellogg Co. continues to expect internal net sales to be down approximately 1 percent, internal operating profit to be approximately flat, and full-year currency-neutral earnings per share growth of 4 to 5 percent. For 2011, the company still expects low single-digit internal net sales growth, flat to down 2 percent internal operating profit, and low single-digit earnings per share growth on a currency-neutral basis.

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Nonresidential construction spending down in October

December 13, 2010

In what appears to be a trend in the nation’s ailing economy, private nonresidential construction spending slipped 0.7 percent in October, down 20.7 percent from a year ago, according to the Dec. 1 report by the U.S. Census Bureau. Total nonresidential construction, which includes both privately and publicly financed construction, was down 0.1 percent compared to September and down 9.9 percent from October 2009. Nonresidential construction spending totaled $562 billion in October on a seasonally adjusted annual rate basis.

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