ARTICLES

Monthly materials prices on the upswing, but still down overall

April 17, 2015
Prices for inputs to construction industries expanded 0.8 percent in March, the largest monthly increase in more than two years, according to the April 14 producer price index release by the Bureau of Labor Statistics. Read More

Construction employment momentum should carry into 2015

February 13, 2015
The U.S. construction industry added 39,000 jobs in January, including 12,700 net new nonresidential jobs, according to the Bureau of Labor Statistics’ preliminary estimate released earlier this month. Read More

Materials prices dip slightly, but still up over last year

October 24, 2014
Construction materials prices inched down 0.1 percent in September, but rose 1.6 percent compared to the same time last year, according to the U.S. Department of Labor's Producer Price Index released earlier this month. Read More

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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