ABC: Energy Prices Drive Construction Materials Costs 0.3% Higher in October
Construction input prices increased 0.3% in October compared to the previous month, according to an Associated Builders and Contractors analysis of U.S. Bureau of Labor Statistics’ Producer Price Index data released recently. Nonresidential construction…
ABC’s Construction Backlog Indicator Slips in October, Contractor Confidence Remains Elevated
Associated Builders and Contractors recently reported that its Construction Backlog Indicator fell to 8.4 months in October, according to a survey of its member contractors conducted Oct. 21 to Nov. 4. The reading is unchanged from October 2023. View…
ABC: September Nonresidential Construction Spending Up by 0.1%, Fueled by Infrastructure Investment
National nonresidential construction spending increased 0.1% in September, according to an Associated Builders and Contractors analysis of data published by the U.S. Census Bureau. On a seasonally adjusted annualized basis, nonresidential spending…
ABC: Almost Half of State Construction Unemployment Rates Down From a Year Ago
The national September 2024 not seasonally adjusted construction unemployment rate was 3.7%, down 0.1% from the previous year, according to a state-by-state analysis of U.S. Bureau of Labor Statistics data released by Associated Builders and Contractors.…
ABC: September 2024 Construction Job Openings, Distorted by Storms, Decrease by 40,000
The construction industry had 288,000 job openings on the last day of September 2024. This is according to an Associated Builders and Contractors analysis of data from the U.S. Bureau of Labor Statistics’ Job Openings and Labor Turnover Survey. JOLTS…
ABC: Construction Employment Increased by 25,000 in September
The construction industry added 25,000 jobs on net in September, according to an Associated Builders and Contractors analysis of data released by the U.S. Bureau of Labor Statistics. On a year-over-year basis, industry employment is up by 238,000 jobs,…
ABC’s Construction Backlog Indicator Rebounds in September, Contractor Confidence Improves
Associated Builders and Contractors recently reported that its Construction Backlog Indicator increased to 8.6 months in September, according to an ABC member survey conducted Sept. 20 to Oct. 4. The reading is down 0.4 months from September 2023. View…
ABC: Construction Input Prices September 2024 Were Down 0.9%
Construction input prices decreased 0.9% in September compared to the previous month. This is according to an Associated Builders and Contractors analysis of U.S. Bureau of Labor Statistics’ Producer Price Index data. Nonresidential construction input…
ABC: Record Rebound in Construction Job Openings in August 2024
The construction industry had 370,000 job openings on the last day of August. This is according to an Associated Builders and Contractors analysis of data from the U.S. Bureau of Labor Statistics’ Job Openings and Labor Turnover Survey. JOLTS defines a…
ABC Releases AI Construction Technology Report
Associated Builders and Contractors recently released its fourth annual construction technology report. These reports focus on the impacts of artificial intelligence in the construction industry. This latest report includes a case study and thought…
Nonresidential Construction Spending Inches Up in August 2024, Says ABC
National nonresidential construction spending increased 0.1% in August, according to an Associated Builders and Contractors analysis of data published by the U.S. Census Bureau. On a seasonally adjusted annualized basis, nonresidential spending totaled…
ABC Joins White House Roundtable on Addiction Recovery-Ready Workplaces
Associated Builders and Contractors recently participated in a White House-sponsored roundtable discussion, “Recovery in the Workplace: Investing to Build the Workforce of Tomorrow.” The event convened more than a dozen leading corporations, business…