Jeff Leieritz

Jeff Leieritz is the media relations manager for Associated Builders and Contractors' (ABC) national office where he is responsible for ABC’s external communications. Prior to joining ABC, Leieritz spent three years working on Capitol Hill for the U.S. House of Representatives Committee on Small Business. He also has worked as a political consultant on campaigns in nine states. Leieritz lives in Washington, D.C., and is an alumni of San Diego State University and native of Redlands, Calif.

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Economic OutlookMore Like This

Nonresidential construction spending contracted during January, according to analysis of U.S. Census Bureau released by Associated Builders and Contractors (ABC). Nonresidential spending fell 1.9 percent from December to $698.4 billion on a seasonally adjusted, annualized basis. This represents the first month total nonresidential construction spending dipped below $700 billion since July 2016.

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Economic OutlookMore Like This

Construction input prices collectively rose by 1 percent on a monthly basis and 3.8 percent on a year-over-year basis, according to analysis of U.S. Bureau of Labor Statistics data released today by Associated Builders and Contractors. This represents the fastest year-over-year rate of materials price inflation since the beginning of 2012. Nonresidential input prices rose 0.9 percent for the month and are up 4 percent year over year.

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Economic OutlookMore Like This

The average contractor is less confident regarding business prospects for the next six months, but the nonresidential construction recovery is anticipated to remain in place, according to the latest Associated Builders and Contractors (ABC) Construction Confidence Index (CCI). The diffusion index measures forward-looking construction industry expectations in sales, profit margins and staffing levels, with readings above 50 indicating growth.

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Managing Your BusinessMore Like This

Construction industry employment in the United States edged higher in September despite a disappointing jobs report for the overall U.S. economy. The number of construction jobs expanded by 8,000 on a net basis in September, with nonresidential builders and specialty trade contractors collectively creating 6,800 of those net new jobs. However, the number of jobs in the heavy and civil engineering category declined by 2,200.

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