Mountain States Construction News

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Prices for inputs to nonresidential construction have fallen 0.8% on a monthly basis and 2.7% on an annual basis.

AIA reported the January ABI score was 49.6, down slightly from the mark of 51.3 in the previous month.

For the year 2015, national employment in construction increased by 273,000 jobs.

Nonresidential construction spending totaled $681.2 billion in 2015, but declines in several key categories could be a cause for concern.

The percentage of consumers expecting business conditions to improve over the next six months rose from 14.5% to 16.2%.

In 2016, growth is expected in the European, North American and Indian equipment markets.

December showed moderate increases for each of the three main construction sectors—nonresidential, residential and nonbuilding construction.

Construction material prices fell for the sixth consecutive month in December, losing 1.2% on a monthly basis and 4% on a yearly basis.

Contractors expect a mix of private- and public-sector market segments will drive demand for construction in 2016.