ABC: June Nonresidential Construction Materials Prices Up 2.5% Year-Over-Year

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Construction input prices increased 0.2% in June compared to the previous month, according to an Associated Builders and Contractors’ analysis of U.S. Bureau of Labor Statistics’ Producer Price Index data. Nonresidential construction input prices increased 0.3% for the month. Overall construction input prices are 2.1% higher than a year ago, while nonresidential construction input prices are 2.5% higher. Prices increased in 2 of the 3 energy categories last month. Natural gas and unprocessed energy materials prices were up 5.9% and 1.4%, respectively, while crude petroleum prices decreased 0.1% in June. “Nonresidential input price escalation has accelerated in 2025, with prices … Read more

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ABC: Construction Adds 15,000 Jobs in June

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The construction industry added 15,000 jobs on net in June, according to an Associated Builders and Contractors analysis’ of data released by the U.S. Bureau of Labor Statistics. On a year-over-year basis, industry employment has increased by 121,000 jobs, or 1.5%. Nonresidential construction employment expanded by 9,200 positions on net, with growth registered in just 1 of 3 major subcategories. Nonresidential specialty trade added 12,400 jobs, while heavy and civil engineering and nonresidential building lost 2,800 and 400 jobs, respectively. The construction unemployment rate fell to 3.4% last month. Unemployment across all industries declined from 4.2% in May to 4.1% … Read more

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ABC: Construction Hiring Remains Sluggish in May

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The construction industry had 245,000 job openings on the last day of May, according to an Associated Builders and Contractors’ analysis of data from the U.S. Bureau of Labor Statistics’ Job Openings and Labor Turnover Survey. JOLTS defines a job opening as any unfilled position for which an employer is actively recruiting. Industry job openings increased by 3,000 last month but are down by 130,000 from the same time last year. “Industrywide labor demand continued to be subdued in May,” said ABC Chief Economist Anirban Basu. “The year-to-date construction hiring rate is lower than in any year since the start … Read more

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ABC: Tariffed Construction Materials Prices Rise in May

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Construction input prices increased .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 released. Nonresidential construction input prices increased .3% for the month. Overall construction input prices are 1.3% higher than a year ago, while nonresidential construction input prices are 1.6% higher. Prices decreased in 2 of the 3 energy categories last month. Natural gas prices were down 18.7%, while prices for unprocessed energy materials were down 3.5%. Crude petroleum prices increased 1.3% in May. “Construction materials prices continued to increase at a … Read more

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ABC: Nonresidential Construction Adds 11,300 Jobs in May

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The construction industry added 4,000 jobs on net in May, according to an Associated Builders and Contractors’ analysis of data released by the U.S. Bureau of Labor Statistics. On a year-over-year basis, industry employment has increased by 126,000 jobs, an increase of 1.5%. Nonresidential construction employment increased by 11,300 positions, with growth in all three subcategories. Nonresidential specialty trade added the most jobs, increasing by 4,500 positions, while heavy and civil engineering and nonresidential building added 3,700 and 3,100 jobs, respectively. The construction unemployment rate decreased to 3.5% in May. Unemployment across all industries remained unchanged at 4.2%. “The nonresidential … Read more

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