Despite Tariff Impacts, ABC Contractors’ Backlog and Profit Margin Expectations Improve in April
Associated Builders and Contractors reported today that its Construction Backlog Indicator rose to a 20-month high of 8.7 months in April, according to an ABC member survey conducted April 22 to May 6. The reading is up 0.3 months since April 2024. View the full Construction Backlog Indicator and Construction Confidence Index data series. Backlog has…
Construction Job Openings Still Subdued in February
The construction industry had 264,000 job openings on the last day of February, according to an Associated Builders and Contractors analysis of data from the U.S. Bureau of Labor Statistics’ Job Openings and Labor Turnover Survey. JOLTS defines a job opening as any unfilled position for which an employer is actively recruiting. Industry job openings…
PlanHub, Inc. Launches The Next Era in Preconstruction Software: PlanHub 2.0
PlanHub, the leading cloud-based platform for commercial construction professionals, has launched PlanHub 2.0—a fully integrated preconstruction solution designed to help contractors network, win more projects and accelerate business growth. By combining every aspect of preconstruction into a seamless, all-in-one platform, PlanHub 2.0 empowers users to save time, strengthen industry relationships, and efficiently manage project details from…
Construction Materials Prices Increase 1.4% in January, Up 40.5% Since February 2020
Construction input prices increased 1.4% in January 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 increased 0.9% for the month. Overall construction input prices are 1.3% higher than a year ago, while nonresidential construction…
ABC’s Construction Backlog Indicator Increases, Contractors Remain Confident
Associated Builders and Contractors reported today that its Construction Backlog Indicator increased to 8.4 months in January, according to an ABC member survey conducted Jan. 21 to Feb. 3. The reading is unchanged from January 2024. View the full Construction Backlog Indicator and Construction Confidence Index data series. The monthly increase in backlog was concentrated…
Wayne Brothers grows South Carolina footprint with new operation in Colleton County
Wayne Brothers, a Design-Build specialty contractor, today announced it is growing its South Carolina footprint with a new office and operations center in Colleton County. The company’s $35.5 million investment will create 170 new jobs. “Wayne Brothers’ expansion into Colleton County with a $35.5 million investment and the creation of 170 new jobs is a powerful…
Columbia Concrete Provides Reliable Concrete Foundation Services for South Carolina Customers
Columbia Concrete, a trusted name in the concrete industry, is helping homeowners and businesses in South Carolina with professional concrete foundation services. Known for its commitment to quality and precision, the company delivers durable foundations designed to meet structural requirements while enhancing the longevity of buildings. Concrete foundations are a critical component of any construction project, serving…
Monthly Construction Input Prices Unchanged in November
Construction input prices were unchanged in November 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 increased 0.1% for the month. Overall construction input prices are 0.5% higher than a year ago, while nonresidential construction…
ABC’s Construction Backlog Indicator Holds Steady in November, Contractor Confidence Surges
Associated Builders and Contractors reported today that its Construction Backlog Indicator remained unchanged at 8.4 months in November, according to an ABC member survey conducted Nov. 20 to Dec. 3. The reading is down 0.1 months from November 2023. View the full Construction Backlog Indicator and Construction Confidence Index data series. Backlog in the infrastructure category…
U.S. Put-in-Place Construction Forecasts – Winter 2024
ConstructConnect Projects US Put-in-Place Construction Spending of $2.15 Trillion in 2024 ConstructConnect Chief Economist Michael Guckes released the US Put-in-Place Construction Forecast for Winter 2024 today. According to the report, total put-in-place construction spending for 2024 is expected to reach $2.15 trillion, marking a 6.4% increase from 2023. Although slightly lower than the last quarterly projection of $2.16 trillion, this updated…
