Construction input prices rose on a monthly basis in March for the first time in nine months according to an analysis of the Bureau of Labor Statistics (BLS) Producer Price Index released by Associated Builders and Contractors (ABC). Input prices expanded 0.9 percent on a monthly basis in March but are still down 3.4 percent on a year-over-year basis.
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January Construction Jobs Report Confirms Momentum
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 (BLS) preliminary estimate released Feb. 6. December’s estimate was revised downward from 48,000 to 44,000 net new jobs. With revisions, nonresidential construction expanded by 21,200 jobs in December.
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