ABC National
Construction Input Prices Continue to Fall in December, Says ABC
Construction input prices declined 1.7 percent in December on a month-over-month basis yet are 3.5 percent higher than the same time last year, according to an Associated Builders and Contractors analysis of U.S. Bureau of Labor Statistics data released today. In December, nonresidential construction prices fell 1.6 percent but are up 4.1 percent compared to one year ago.
Construction Employment Rises to Close Out 2018, Says ABC
According to an Associated Builders and Contractors analysis of data released by today the U.S. Bureau of Labor Statistics, construction employment expanded by 38,000 net new jobs in December. Across the industry, employment is up by 280,000 year-over-year, an increase of 4.0 percent.
Contractors Lose Confidence in Q3 but Remain Upbeat, According to ABC’s Latest Construction Confidence...
While construction industry leaders remained confident in the third quarter of 2018, optimism slipped relative to the second quarter, according to the latest Construction Confidence Index released today by Associated Builders and Contractors.
ABC’s Construction Backlog Indicator Sinks Below Record Highs in Q3 2018
Associated Builders and Contractors reports that its Construction Backlog Indicator contracted to 9.04 months during the third quarter of 2018, down 8.4 percent from the second quarter and 4.3 percent lower than the same time last year
Price of Construction Materials Declines in November; ABC Predicts Moderate Increases in Early 2019
Construction materials prices fell 1.8 percent in November, according to Associated Builders and Contractors’ analysis of U.S. Bureau of Labor Statistics data released today. Despite the monthly decline, materials prices are still 5.3 percent higher than they were on a year-over-year basis.
Nonresidential Construction Employment Slows Down in November, Says ABC
Construction employment expanded by 5,000 net new jobs in November, according to an analysis of U.S. Bureau of Labor Statistics data conducted by Associated Builders and Contractors today. During the past 12 months, the industry has added 282,000 net new construction jobs, which translates into a 4 percent increase in total industry-wide employment.
ABC Predicts Construction Sector Will Remain Strong in 2019
Associated Builders and Contractors Chief Economist Anirban Basu forecasts another strong year for construction sector performance, yet warns about inflationary pressures, according to a 2019 economic outlook published today in Construction Executive magazine.
Nonresidential Spending Rises Modestly in October
National nonresidential spending increased 0.1 percent in October, according to an Associated Builders and Contractors analysis of U.S. Census Bureau data released today. Total nonresidential spending for the month stood at $763.8 billion on a seasonally adjusted annualized rate, which represents a 7.3 percent increase over the same time last year
ABC Elects 2019 National Chair, Executive Committee
The Associated Builders and Contractors Board of Directors elected Tony Rader, telecom vice president for National Roofing Partners, to serve as the 2019 national chair during the association’s annual Leadership Institute in Las Vegas. Ray Zamora, president of AnchorBuilt Inc., was elected chair-elect, and Steve Klessig, vice president of architecture and engineering, Keller Inc., was elected secretary.
Construction Materials Prices Continue to Rise in October
Construction prices rose 0.5 percent in October and are 7.9 percent high than at the same time a year ago, according to an analysis of Bureau of Labor Statistics Producer Price Index data conducted by Associated Builders and Contractors. Prices for nonresidential construction inputs also increased 0.5 percent on a month-over-month basis and are up by more than 8 percent on a year-over-year basis.
Construction Employment Picks Up in October, Says ABC
The U.S. construction industry added 30,000 net new jobs in October, according to an analysis from the Associated Builders and Contractors of data from the U.S. Bureau of Labor Statistics
Nonresidential Spending Retains Momentum in September, Up 8.9 Percent Year Over Year, Says ABC
National nonresidential construction spending fell 0.3 percent in September but remains historically elevated, according to an Associated Builders and Contractors analysis of U.S. Census Bureau data released today. Total nonresidential spending stood at $767.1 billion on a seasonally adjusted, annualized rate in September, an increase of 8.9 percent on a year-ago basis.
September Construction Unemployment Rates Down in 30 States Year Over Year, Says ABC
WASHINGTON, Oct. 30—Estimated September construction unemployment rates fell nationally and in 30 states on a year-over-year basis, according to an analysis of U.S. Bureau of Labor...
ABC Announces New Director of Workforce Development
Associated Builders and Contractors announced today that Timothy Mongeau has been appointed as director of workforce development. With more than 15 years of experience designing and implementing construction education programs, Mongeau will spearhead ABC’s workforce development strategies and initiatives
Construction Material Prices Rebound in September, Says ABC
Prices for inputs to construction rose 0.3 percent in September and are 7.4 percent higher than a year ago, according to an Associated Builders and Contractors analysis of U.S. Bureau of Labor Statistics data released today. Overall prices for nonresidential construction inputs rose 0.4 percent, reversing last month’s downward trend.
Construction Industry Adds 23,000 Jobs in September, Says ABC
The U.S. construction industry added 23,000 net new positions in September, according to an Associated Builders and Contractors analysis of data released by the U.S. Bureau of Labor Statistics.
August Construction Unemployment Rates Down in 49 States Year Over Year, Says ABC
Estimated August construction unemployment rates fell nationally and in every state except Colorado on a year-over-year basis, according to an analysis of U.S. Bureau of Labor Statistics data released today by Associated Builders and Contractors.
ABC Highlights Economic Benefits of Tax Reform on Small Businesses in Congressional Testimony
Larry Lopez, president and chief executive officer of Green JobWorks, Baltimore, and chairman of Associated Builders and Contractor’s Diversity Committee, testifiedtoday before the U.S. House of Representatives Subcommittee on Economic Growth
Contractors Remain Upbeat in Q2, According to ABC’s Latest Construction Confidence Index
Construction contractors remained confident during the second quarter of 2018, according to the latest Construction Confidence Index released today by Associated Builders and Contractors. More than three in four construction firms expect that sales will continue to rise over the next six months
Construction Material Prices Fall in August, says ABC
Prices for inputs to construction fell 0.5 percent in August but are 8.1 percent higher than at the same time one year ago, according to an Associated Builders and Contractors analysis of Bureau of Labor Statistics data released today. Nonresidential construction input prices fell 0.4 percent in August but are up 8.3 percent year-over-year.
