Construction input prices rose slightly by 0.3% in May on a monthly basis and are up 0.6% over the last 12 months, according to an Associated Builders and Contractors analysis of U.S. Bureau of Labor Statistics data released today. Nonresidential input prices were also up 0.3% compared to the previous month and are 1.1% higher…
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Construction Employment Sees Modest Gains in May, Says ABC
The construction industry added 4,000 net new jobs in May, according to an Associated Builders and Contractors analysis of data released today from the U.S. Bureau of Labor Statistics. On a year-over-year basis, construction employment has expanded by 215,000 jobs, an increase of 3.0%. Nonresidential employment lost 1,500 net jobs last month but is up…
Construction Contractors Confidence Strong in February
Construction industry leaders remained confident regarding nonresidential construction prospects in February 2019, according to the latest Construction Confidence Index released by Associated Builders and Contractors today. All three principal components measured by the survey—sales, profit margins, and staffing levels— remain well above the diffusion index threshold of 50, signaling ongoing expansion in construction activity. Only…
ABC Honors Student Winners of Annual Construction Management Competition
Twenty-one teams of undergraduate students from colleges and universities nationwide put their construction project leadership skills to the test during Associated Builders and Contractors’ annual Construction Management Competition at ABC Convention 2019 in Long Beach, California, March 24-28. The four-person teams, which were assigned to complete the same construction management project over two days, received…
Robins & Morton Projects Recognized for Excellence in Construction
Associated Builders and Contractors (ABC) announced Robins & Morton as the 2019 National Excellence in Construction Pyramid Award winner for two projects at the 29th Annual Excellence in Construction Gala on March 27 in Long Beach, California. Robins & Morton’s Pyramid Award winners include: AdventHealth Carrollwood: Healthcare, $25 million to $100 million category. Located in…
Graduates of Upstate S.C. Electrical Apprenticeship Program Honored at December Ceremony
Four newly registered electricians in Upstate South Carolina were lauded by their respective employers, course instructors and others at a private graduation ceremony last month. The celebration recognized the group’s successful completion of a rigorous four-year, S.C. Department of Labor registered electrical apprenticeship program. Registered apprenticeships are employer-sponsored training programs that produce highly skilled…
Nonresidential Fixed Investment Returns to Earth in Q3, Says ABC
The U.S. economy expanded at a 3.5 percent annualized rate during the third quarter of 2018, according to an Associated Builders and Contractors analysis of U.S. Bureau of Economic Analysis data released today. This represents the first time there have been two consecutive quarters of 3 percent-plus growth since the beginning of 2015. Despite the…
McCrory Construction Celebrates its 100th Anniversary: Q&A with Allen Amsler, President and CEO
“A century strong and counting” is a statement few construction services firms can make. McCrory Construction is proud to be one of the exceptions. Now under fourth-generation private ownership, Columbia-based McCrory is celebrating its 100th year in business in 2018. McCrory is a full-service general contractor ranked among the Southeast’s largest and most respected construction…
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. Among individual subcategories, softwood lumber…
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 by Associated Builders and Contractors. More than three in four construction firms expect that sales will continue to rise over the next six months, while three in five expect higher profit margins. More than seven in 10…
