Your source for construction industry news in the Carolinas
WASHINGTON, Sept. 10, 2020 — Construction input prices expanded 0.6% in August over 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 increased 0.3% for the month. Natural gas prices rose at the fastest rate in August,…
WASHINGTON, Sept. 4, 2020 —Construction industry employment expanded by 16,000 jobs on net in August, according to an Associated Builders and Contractors analysis of data released today by the U.S. Bureau of Labor Statistics. Over the last four months, the industry added 658,000 jobs, recovering approximately 61% of the jobs lost during March and April. The…
Associated Builders and Contractors today announced the launch of its inaugural Tech Alliance—a consortium of firms that create construction technology and innovative digital solutions for ABC contractor members, the majority of which are classified as small businesses and primarily perform work in the industrial and commercial sectors. Consisting of 13 companies, the Tech Alliance will…
Twenty-six teams of undergraduate students from colleges and universities nationwide put their construction project leadership skills to the test during Associated Builders and Contractors’ annual Construction Management Competition, held virtually for the first time this week. The four-person teams, which were assigned to complete the same construction management project, received awards in five categories. The…
WASHINGTON, Aug. 11, 2020 — Construction input prices rose 1.9% in July over 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 1.8% for the month. Among 11 subcategories, four experienced monthly increases, with the…
WASHINGTON, Aug. 11, 2020 —Associated Builders and Contractors reported today that its Construction Backlog Indicator declined to 7.8 months in July, a decrease of 0.3 months from the June reading, according to an ABC member survey conducted from July 20 to Aug. 5. Backlog is a full month lower than in July 2019. Additionally, confidence among…
WASHINGTON, Aug. 7, 2020 —The construction industry added 20,000 jobs on net in July, according to an Associated Builders and Contractors analysis of data released today by the U.S. Bureau of Labor Statistics. During the last three months, the industry has added 639,000 jobs, recovering roughly 59% of the jobs lost since the start of the…
WASHINGTON, Aug. 3, 2020 — National nonresidential construction spending declined 0.2% in June, 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 $812.9 billion for the month. Among the 16 subcategories, six were down compared to May 2020 data. Private…
WASHINGTON, July 30, 2020 — The U.S. economy contracted at an annualized rate of 32.9% during the second quarter of 2020, according to an Associated Builders and Contractors analysis of data released today by the U.S. Bureau of Economic Analysis. Nonresidential and residential fixed investment contracted by 27.0 and 38.7%, respectively, while investment in nonresidential fixed…
Washington, DC – July 22, 2020 – On July 22, the U.S. House of Representatives passed the Great American Outdoor Act (S. 3422/H.R. 1957), which was introduced by Sen. Cory Gardner (R-Colo.), by a vote of 310-107. The bill is expected to be signed into law by President Trump. Ahead of the vote, ABC sent…
