Your source for construction industry news in the Carolinas
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…
WASHINGTON, Feb. 1, 2020 —National nonresidential construction spending declined 0.8% in December 2020, 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 $790.2 billion for the month, 4.8% lower than in December 2019 but 3.8% higher than in…
WASHINGTON, Jan. 15, 2020 — Construction input prices increased 1.8% in December 2020 compared to the previous month, according to an Associated Builders and Contractors analysis of the 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 expanded 2.7% between December 2019…
WASHINGTON, Jan. 4, 2021 — National nonresidential construction spending fell 0.6% in November 2020, according to an Associated Builders and Contractors analysis of data published today by the U.S. Census Bureau. On a seasonally adjusted annualized basis, spending totaled $792.5 billion for the month. Ten of the sixteen nonresidential subcategories saw decreased spending on a monthly basis….
WASHINGTON, Dec. 15, 2020 — Associated Builders and Contractors’ Chief Economist Anirban Basu forecasts a recession threat for the construction sector next year, but has illuminated some potential economic bright spots, such as e-commerce and Class B office space, according to a 2021 economic outlook published in Construction Executive magazine. Although ABC’s Construction Backlog Indicator—a leading indicator…
WASHINGTON, Dec. 11, 2020 — Construction input prices fell 0.5% in November compared to the previous month, according to an Associated Builders and Contractors analysis of the U.S. Bureau of Labor Statistics’ Producer Price Index data released today. Nonresidential construction input prices fell 0.4% for the month. Construction input prices increased 0.9% between November 2019 and…
WASHINGTON, Dec. 8, 2020 —Associated Builders and Contractors reported today that its Construction Backlog Indicator declined to 7.2 months in November, a decrease of 0.5 months from October’s reading, according to an ABC member survey conducted from Nov. 20 to Dec. 2. Backlog is 1.7 months lower than in November 2019. ABC’s Construction Confidence Index readings…
