Your source for construction industry news in the Carolinas
Associated Builders and Contractors reported today that its Construction Backlog Indicator increased to 9.3 months in July, according to an ABC member survey conducted July 20 to Aug. 4. The reading is up by 0.6 months since July 2022. View the full Construction Backlog Indicator and Construction Confidence Index data series. The South remains the region…
It is not a secret that the construction industry is facing a number of challenges when it comes to attracting, developing and retaining talent. The industry is struggling to attract and retain skilled workers, which is leading to delays and increased costs on projects. This shortage is due to a number of factors, including an…
ABC Carolinas congratulates all of its member firms that were named Accredited Quality Contractors (AQC) by the Associated Builders and Contractors (ABC) last month. These 32 companies from the Carolinas earned this prestigious national credential for their commitment to corporate responsibility – documenting this commitment in five areas: Quality, Safety Performance, Talent Management, Craft and Management Education,…
National nonresidential construction spending was down by 0.3% in October, according to an Associated Builders and Contractors analysis of data published today by the U.S. Census Bureau. On a seasonally adjusted annualized basis, nonresidential spending totaled $898.4 billion for the month. Spending was down on a monthly basis in seven of the 16 nonresidential subcategories….
At its 2022 Excellence in Construction (EIC) Awards, the Associated Builders and Contractors of the Carolinas recognized and honored Brian Gallagher of Graycor for his service to the organization with what the association describes as the chapter’s most prestigious regional award — the ABC Kirby Award. “ABC Carolinas’ highest achievement award, the Kirby Award, was…
The construction industry added 1,000 jobs on net in October, according to an Associated Builders and Contractors analysis of data released today by the U.S. Bureau of Labor Statistics. On a year-over-year basis, industry employment has risen by 266,000 jobs, an increase of 3.6%. Nonresidential construction employment increased by 300 positions on net, with growth…
Associated Builders and Contractors reports today that its Construction Backlog Indicator increased to 9.0 months in September, according to an ABC member survey conducted Sept. 20 to Oct. 5. The reading is 1.4 months higher than in September 2021. Backlog reached its highest level since May 2022 and is once again above the level observed…
The construction industry added 19,000 jobs on net in September, according to an Associated Builders and Contractors analysis of data released today by the U.S. Bureau of Labor Statistics. On a year-over-year basis, industry employment has risen by 292,000 jobs, or 3.9%. Nonresidential construction employment increased by 13,100 positions on net, with growth in two…
The construction industry had 407,000 job openings in August, 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 job opening as any unfilled position for which an employer is actively recruiting. Industry job openings increased by 54,000 last…
According to a September 2022 survey of ABC contractor members published today, 98% oppose President Biden’s proposed rule mandating project labor agreements on federal construction projects of $35 million or more. PLA schemes needlessly increase costs and exacerbate the construction industry’s skilled labor shortage because they exclude almost nine out of 10 workers from participating in these contracts. “The overwhelming opposition to PLA…
