Area Economy

A look at local, regional, national and international trends.

ARTICLES

Construction input prices level for first time in months

June 23, 2017
Construction input prices remained unchanged in May, ending five consecutive months of price expansion, according to analysis of Bureau of Labor Statistics data by Associated Builders and Contractors. Read More

Nonresidential construction segments suffer spending decline

June 16, 2017
Nonresidential construction spending fell 1.7 percent in April, totaling $696.3 billion on a seasonally adjusted, annualized basis, according to analysis of U.S. Census Bureau data by Associated Builders and Contractors. Read More

Construction unemployment rates improve in 22 states

June 2, 2017
April not seasonally adjusted construction unemployment rates were down in 22 states and unchanged in two (Arkansas and California) on a year-over-year basis, according to analysis released by Associated Builders and Contractors. Read More

Retail outlook remains positive through midsummer

May 26, 2017
Michigan retailers expect more of the same after posting positive retail sales during April, according to the Michigan Retail Index, a joint project of Michigan Retailers Association and the Federal Reserve Bank of Chicago. Read More

Residential construction job growth remains tepid

May 19, 2017
National construction employment remained largely unchanged for the second consecutive month, adding 5,000 net new jobs on a seasonally adjusted basis in April, according to analysis of U.S. Bureau of Labor Statistics data. Read More

Local economy remains strong, but red flags are on horizon

May 12, 2017
Good news is always welcome, and according to the latest survey conducted during the last two weeks of April, the West Michigan economy is surprisingly strong. Read More

Nonresidential investment surges despite sluggish Q1

May 5, 2017
The U.S. economy’s performance slowed in the first quarter of 2017, but nonresidential fixed investment expanded at an impressive 9.4 percent seasonally adjusted annual rate, according to analysis of U.S. Bureau of Economic Analysis data. Read More

Michigan retailers boost springs sales forecasts

April 28, 2017
Michigan retailers’ spring sales forecasts grew even stronger after their March sales rose, according to the Michigan Retail Index, a joint project of Michigan Retailers Association and the Federal Reserve Bank of Chicago. Read More

Construction prices moderate as energy costs slip

April 21, 2017
Construction input prices rose for the fourth consecutive month in March, increasing by 0.3 percent on a monthly basis and 4.4 percent on a yearly basis, according to analysis of U.S. Bureau of Labor Statistics data by Associated Builders and Contractors. Read More