Groundbreak Carolinas

GroundBreak Carolinas

Your source for construction industry news in the Carolinas

Seamon Whiteside

ABC

ABC’s 2021 Construction Economic Forecast: Recovery Shape Forms a ‘W,’ Recession Threat Remains

by ABC on

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…

Monthly Construction Input Prices Decreased in November, Says ABC

by ABC on

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…

ABC’s Construction Backlog Plunges in November; Contractor Optimism Falters

by Helen Johnson on

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…

Nonresidential Construction Spending Unchanged in October, says ABC

by ABC on

WASHINGTON, Dec. 1, 2020 — National nonresidential construction spending was virtually unchanged 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, spending totaled $792.4 billion for the month. Of the sixteen nonresidential subcategories, nine were down on a monthly…

Monthly Construction Input Prices Remain Stable in October, Says ABC

by ABC on

WASHINGTON, Nov. 13, 2020 — Construction input prices remained virtually unchanged in October 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 also remained unchanged for the month. Construction input prices increased 1.1% between October…

ABC’s Construction Backlog Indicator Rebounds in October; Contractor Optimism Rises

by ABC on

WASHINGTON, Nov. 10, 2020 — Associated Builders and Contractors reported today that its Construction Backlog Indicator rebounded to 7.7 months in October, an increase of 0.2 months from September’s reading, according to an ABC member survey conducted from Oct. 20 to Nov. 5. Backlog is 1.2 months lower than in October 2019. ABC’s Construction Confidence Index…

ABC Celebrates Career Technical Education During Apprenticeship Week

by ABC on

WASHINGTON, Nov. 8, 2020 — Apprenticeships are a key part of Associated Builders and Contractors’ commitment to an all-of-the-above approach for developing a safe, skilled and productive workforce that meets the current and future needs of the construction industry. During the U.S. Department of Labor’s Apprenticeship Week, Nov. 8-14, ABC celebrates the value of earn-while-you-learn…

Nonresidential Construction Spending Declines Further in September, Says ABC

by ABC on

WASHINGTON, Nov. 2,, 2020 —National nonresidential construction spending fell 1.6% in September, according to an Associated Builders and Contractors analysis of data published today by the U.S. Census Bureau. On a seasonally adjusted annualized basis, monthly spending totaled $794.3 billion.  Among the sixteen nonresidential subcategories, thirteen were down on a monthly basis.  Private nonresidential spending…

Monthly Construction Input Prices Rise in September, Says ABC

by Helen Johnson on

WASHINGTON, Oct. 14, 2020 — Construction input prices increased 1.6% in September compared to the previous month, according to an Associated Builders and Contractors analysis of Producer Price Index data released today by the U.S. Bureau of Labor Statistics. Nonresidential construction input prices rose 1.4% for the month. Among 11 subcategories, eight experienced monthly increases, with…

ABC’s Construction Backlog Slips in September; Contractors Remain Optimistic

by ABC on

WASHINGTON, Oct. 13, 2020 — Associated Builders and Contractors reported today that its Construction Backlog Indicator fell to 7.5 months in September, a decline of 0.5 months from August’s reading, according to an ABC member survey conducted Sept. 20-Oct. 6. Backlog is 1.5 months lower than in September 2019. ABC’s Construction Confidence Index readings for…