Items Tagged with 'construction spending'

Rising steel and energy costs may squeeze contractor margins and slow projects this year nationwide.

U.S. construction input prices rose modestly in September—marking five consecutive months of increases—while year-over-year costs remain significantly higher amid uncertainty over the impact of new material tariffs.

The associated group reports its CBI rose in June.

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

Increases in nonresidential construction employment were tempered by declines in residential construction jobs; average hourly earnings up 4.7 percent as unemployment rate falls to 3.5 percent.

Total construction spending increased by 0.9 percent in December and 13.9 percent year-over-year, as gains in residential and public segments offset mixed results among private nonresidential markets, according to an analysis of federal spending data the Associated General Contractors of America released Feb. 1.

National nonresidential construction spending increased by 0.4 percent in December, according to an Associated Builders and Contractors analysis of data published Feb. 1 by the U.S. Census Bureau. On a seasonally adjusted annualized basis, nonresidential spending totaled $1.174 trillion.

National nonresidential construction spending decreased 0.1 percent in November, according to an Associated Builders and Contractors analysis of data published by the U.S. Census Bureau on Jan. 2. On a seasonally adjusted, annualized basis, nonresidential spending totaled $1.143 trillion.

Total construction spending increased by 0.4 percent in November, as a pickup in homebuilding and some private nonresidential markets offset a downturn in public spending, according to an analysis of federal spending data the Associated General Contractors of America released Jan. 2.