National nonresidential construction spending fell 0.7% in October but is up 1.4% compared to the same time last year, 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 $776.5 billion, 2.3% lower than the cyclical peak attained in April…
Top Construction Careers for 2020
Construction careers are on the rise because, in this industry, there is a labor shortage. Therefore, there are a lot of job opportunities with growing salaries. According to the Associated General Contractors of America, in 2019, construction employment has increased by 279,000 jobs, and the employment rate stood at an all-time low. Construction is the industry…
North Carolina Construction Outlook
While racking up thousands of miles driving throughout the Carolinas, it’s amazing how much construction work is going on these days with building, highway-heavy and utility work. Construction workers and often clogged highways are everywhere at a time when one of our biggest challenges is attracting more people into our excellent construction industry. The U.S….
Contractors are Highly Confident as Revenues Shift Upward
USG Corporation + U.S. Chamber of Commerce Index The Commercial Construction (CCI) Index rose three points in Q3 2019 to 77, the highest score since the index was first released in Q2 2017. Market trends reinforce the other indicators of high confidence, with expected increases in spending on tools and equipment, and consistent access to…
ABC’s Construction Backlog Indicator Slips in September
Associated Builders and Contractors reported today that its Construction Backlog Indicator fell to 8.9 months in September 2019, down 0.1 months or 0.8% from August 2019 when CBI stood at nine months. “Today’s backlog reading indicates that pre-existing trends will remain in place,” said ABC Chief Economist Anirban Basu. “In recent months, public construction spending has fueled…
Construction Employment Increases In 41 States And D.C. From October 2018 To October 2019, While 28 States Added Construction Jobs Last Month
Forty-one states and the District of Columbia added construction jobs between October 2018 and October 2019, while construction employment increased in 28 states from September to October, according to an analysis by the Associated General Contractors of America of Labor Department data released today. Association officials said that firm’s efforts to increase pay and benefits…
Construction Input Prices Unchanged in October, Says ABC
Construction input prices remained unchanged on a monthly basis in October but are down 2.2% year-over-year, 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 0.1% for the month and are down 2.0% compared to the same time…
ABC Elects 2020 National Chair, Executive Committee
Associated Builders and Contractors’ Board of Directors elected Tim Keating, owner and president, R. C. Stevens Construction Co., to serve as the 2020 ABC national chair during the association’s annual Leadership Institute in San Antonio. Steve Klessig, vice president of architecture and engineering, Keller Inc., was elected chair-elect and Stephanie Schmidt, president, Poole Anderson Construction,…
ABC Highlights Value of Leading Safety Indicators During OSHA Public Meeting
Associated Builders and Contractors Vice President of Health, Safety, Environment and Workforce Development Greg Sizemore spoke at a Nov. 7 Occupational Health and Safety Administration public meeting on leading indicators for safety and health programs. In his remarks, Sizemore emphasized the importance of leading indicators as a proactive measure to prevent workplace hazards and reduce…
50 Construction Terms Every Construction Manager Should Know
The construction industry has many specific terms and acronyms that can be extremely confusing at first. Being a technology-focused construction company, we put a heavy focus on ensuring our employees understand the ins and outs of construction terminology, as not all things can be taught in classrooms. Rather, the knowledge is acquired through spending time on the…
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Nonresidential Construction Spending Falls in October, Says ABC
National nonresidential construction spending fell 0.7% in October but is up 1.4% compared to the same time last year, 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 $776.5 billion, 2.3% lower than the cyclical peak attained in April…
Top Construction Careers for 2020
Construction careers are on the rise because, in this industry, there is a labor shortage. Therefore, there are a lot of job opportunities with growing salaries. According to the Associated General Contractors of America, in 2019, construction employment has increased by 279,000 jobs, and the employment rate stood at an all-time low. Construction is the industry…
North Carolina Construction Outlook
While racking up thousands of miles driving throughout the Carolinas, it’s amazing how much construction work is going on these days with building, highway-heavy and utility work. Construction workers and often clogged highways are everywhere at a time when one of our biggest challenges is attracting more people into our excellent construction industry. The U.S….
Contractors are Highly Confident as Revenues Shift Upward
USG Corporation + U.S. Chamber of Commerce Index The Commercial Construction (CCI) Index rose three points in Q3 2019 to 77, the highest score since the index was first released in Q2 2017. Market trends reinforce the other indicators of high confidence, with expected increases in spending on tools and equipment, and consistent access to…
