Your source for construction industry news in the Carolinas
National nonresidential construction spending fell 0.4% in August, according to an Associated Builders and Contractors analysis of data published today by the U.S. Census Bureau. Nonresidential spending totaled $788.6 billion in August on a seasonally adjusted annualized basis, down 3.0% from August 2020. Spending declined on a monthly basis in 10 of the 16…
National nonresidential construction spending expanded 0.1% in July, 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 $786.7 billion for the month. However, spending was down on a monthly basis in six of 16 nonresidential subcategories. Spending in…
Charlotte, NC – A M King announced it has achieved Diamond level in Associated Builders and Contractor’s (ABC) STEP Safety Management System, meaning the company is 655 percent safer than the industry average. Diamond is the highest level of merit-based safety awarded by ABC. Founded more than three decades ago, STEP has evolved into a world-class safety program…
Associated Builders and Contractors reports today that its Construction Backlog Indicator rose to 8.0 months in May, according to an ABC member survey conducted from May 20 to June 2, 0.1 months higher than in April 2021 and May 2020. While ABC’s Construction Confidence Index readings for sales increased modestly in May, confidence regarding profit…
WASHINGTON, April 14, 2021 — Associated Builders and Contractors today announced the winners of its annual Construction Management Competition, held virtually for 12 teams of undergraduate students from colleges and universities nationwide. Clemson University was named the overall winner of the 2021 competition, with the highest cumulative points in the five competition categories. The four-person…
WASHINGTON, March 12, 2021 — Construction input prices rose 2.1% in February 2021, according to an Associated Builders and Contractors analysis of U.S. Bureau of Labor Statistics’ Producer Price Index data released today. Nonresidential construction input prices also increased 2.1% for the month. Construction input prices are up 7.6% from February 2020, and nonresidential construction input…
CarolinaPower, a leading regional electrical contractor, is honored to have earned a spot on the prestigious list of 2021 Top Performers unveiled this week by Associated Builders and Contractors (ABC). The annual Top Performers list recognizes member contractors’ achievements in five specific areas – safety, quality, diversity, project excellence and special designations, ranked by work…
WASHINGTON, Feb. 17,, 2021 — Construction input prices increased 2.5% in January 2021 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 today. Nonresidential construction input prices rose 2.1% for the month. Construction input prices rose 4.8% from a year ago….
WASHINGTON, Feb.9, 2021 — Associated Builders and Contractors reported today that its Construction Backlog Indicator rose to 7.5 months in January 2021, an increase of 0.2 months from its December 2020 reading, according to an ABC member survey conducted from Jan. 20 to Feb. 2. Despite the monthly uptick, backlog is 0.9 months lower than in…
