Year 2021 member sales were $58.5 billion, a 30% increase from 2020, with purchases by member companies from AD supplier partners up 39%.
But nonresidential construction spending fell 0.7%, according to an Associated Builders and Contractors data analysis.
The U.S. economy grew in the fourth quarter, but investment in nonresidential structures decreased at an annual rate of 11.4%.
Real GDP increased at an annual rate of 6.9% in the fourth quarter of 2021, according to the Bureau of Economic Analysis.
Census Bureau: Privately‐owned housing units authorized by building permits were 9.1% above the revised November rate.
An Associated Builders and Contractors analysis of Producer Price Index data shows prices increased over November.
The Producer Price Index for final demand increased 0.2% in December, the U.S. Bureau of Labor Statistics reported.
The seasonally adjusted Fastener Distributor Index of 56.2, was driven primarily by a lower employment index.
The industry added 22,000 net jobs in December, and the industry has recovered slightly more than 1 million of the jobs lost in 2020.
The deficit was $80.2 billion in November, up $13 billion from a revised $67.2 billion in October, according to the latest report.
Economic activity in the manufacturing sector grew in December, though the PMI dropped 2.4 points from November.
November 2021 construction spending was estimated at $1,625.9 billion, a 0.4% increase over the revised October estimate.
