Your source for construction industry news in the Carolinas
Construction spending dipped slightly in March, just one month after building activity hit an all-time high. According to the Commerce Department, construction spending slipped 0.2 percent in March to a seasonally adjusted $1.218 trillion. Last month, construction spending rose 1.8 percent to a record high of $1.22 trillion. “Construction spending totals during the past two months are at…
The Associated Builders and Contractors (ABC) today praised President Donald Trump for taking important steps to create a pro-growth business environment in a statement from ABC President and CEO Michael Bellaman. “In his first 100 days in office President Trump has taken needed action to free business owners from unnecessarily burdensome regulations that have long hindered…
Members of the construction industry gathered at the North Carolina Capitol this week. The Associated Builders and Contractors (ABC) of the Carolinas held their 10th annual Hard Hat Day in Raleigh, NC. The group was welcomed by House Speaker Tim Moore, Commerce Secretary Tony Copeland and members of the North Carolina General Assembly. The annual…
Nonresidential construction spending remained unchanged in February, according to analysis of U.S. Census Bureau data released today by Associated Builders and Contractors (ABC). The segment totaled $701.9 billion on a seasonally adjusted annualized rate for the month, marking the seventh consecutive month in which nonresidential spending sat above the $700 billion threshold. Private nonresidential construction…
Associated Builders and Contractors (ABC) today applauded the House Committee on Oversight and Government Reform’s favorable reporting of the Fair and Open Competition Act (H.R. 1552) out of committee. The bill, introduced by Rep. Dennis Ross (R-Fla.) and passed by voice vote, will boost competition on government construction projects and reduce building costs to taxpayers…
Associated Builders and Contractors (ABC) today commended President Trump for signing a resolution into law effectively eliminating the Obama administration’s illegal “blacklisting” rule (formally known as the Fair Pay and Safe Workplaces final rule). Implementation of most of the rule’s onerous and duplicative reporting and disclosure requirements were temporarily blocked on Oct. 24 when a…
A national construction association recognized Waldrop Mechanical Services of Spartanburg, SC with three Excellence in Construction (EIC) awards. Waldrop, a full-service mechanical contracting firm, recently received “Best in Class” National Excellence in Construction Awards from the Associated Builders and Contractors (ABC) for two Upstate projects, and was national runner-up for a project in the Lowcountry. Waldrop…
The Associated Builders and Contractors of the Carolinas (ABC) announced the recipients of the nations premier construction honors, the National Excellence In Construction (EIC) Awards. The awards were presented at the 27th annual EIC banquet during ABC’s Workforce Week ’17 in Fort Lauderdale, FL. “I am proud to honor the commitment to world-class safety, superior…
Construction backlog fell by 4 percent during the last quarter of 2016, according to the latest Construction Backlog Indicator (CBI) released today by Associated Builders and Contractors (ABC). Contractors in each segment surveyed—commercial/institutional, infrastructure and heavy industrial—all saw lower backlog during the fourth quarter, with firms in the heavy industrial segment experiencing the largest drop,…
Construction input prices expanded 0.3 percent on a monthly basis and 4.8 percent on a year-over-year basis in February, according to analysis of U.S. Bureau of Labor Statistics (BLS) data released today by Associated Builders and Contractors (ABC). This represents the most rapid yearly growth in construction input prices in more than five years. Only…
