Oil Prices Contribute to March Surge in Construction Materials Prices
Construction input prices increased 2.2% in March 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 2.3% for the month. Overall construction input prices are 4.8% higher than one year ago, while nonresidential construction…
90% of Construction Leaders Say Cash Flow Timing Has Cost Them Profitable Work, New Mobilization Funding Survey Finds
Commercial construction firms are finding work and pursuing growth, but many are still being forced to slow down or walk away from profitable projects when the timing of cash flow falls out of step with project costs. New research from Mobilization Funding, a provider of construction contract financing, shows that cash flow timing is shaping which…
Private Nonresidential Construction Slows for Fourth Straight Month in January Despite Jump in Data Center Spending
Total nonresidential construction spending was virtually unchanged in January, 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 $1.245 trillion. Spending was down on a monthly basis in 9 of the 16 nonresidential subcategories. Private nonresidential spending was…
Construction Loses 11,000 Jobs in February
The construction industry lost 11,000 jobs on net in February, according to an Associated Builders and Contractors analysis of data released today by the U.S. Bureau of Labor Statistics. On a year-over-year basis, industry employment has grown by 42,000 jobs, an increase of 0.5%. Nonresidential construction employment decreased by 3,800 positions, with losses in 2…
Construction Materials Prices Surge in January, Driven Again by Tariffs
Construction input prices increased 0.7% in January 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 increased 0.6% for the month. Overall construction input prices are 2.3% higher than a year ago, while nonresidential construction…
Nonresidential Construction Spending Plunges in December, Says ABC
National nonresidential construction spending decreased 0.6% in December, 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 $1.24 trillion. Spending was down on a monthly basis in 12 of the 16 nonresidential subcategories. Private nonresidential spending was down…
Top-Performing 2026 Construction Companies Named by ABC
Associated Builders and Contractors today released its 2026 Top Performers lists, recognizing its contractor members’ outstanding achievements in health and safety, quality and project excellence, ranked by number of hours worked. The No. 1 2026 ABC Top Performer by work hours is Turner Industries Group, LLC, Baton Rouge, Louisiana; followed by BL Harbert International, Birmingham, Alabama; Performance…
Nonresidential Construction Spending Remains Stagnant in October
National nonresidential construction spending remained virtually unchanged on a monthly basis in October and was down 0.9% year over 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, nonresidential spending totaled $1.25 trillion. Spending was up on a monthly basis…
Construction Industry Must Attract 349,000 Workers in 2026 Despite Macroeconomic Headwinds
The construction industry needs to attract an estimated 349,000 net new workers in 2026 to meet demand for construction services, according to a proprietary model developed and released today by Associated Builders and Contractors. In 2027, the industry will need to bring in 456,000 new workers to meet demand as construction spending growth is poised…
ABC’s Construction Backlog Indicator Inches Higher, Fueled By Data Center Momentum
Associated Builders and Contractors reported today that its Construction Backlog Indicator rose to 8.2 months in December, according to an ABC member survey conducted Dec. 22 to Jan. 7. The reading is up 0.1 months since November but down 0.1 months from December 2024. View the full Construction Backlog Indicator and Construction Confidence Index data series….
