Nonresidential Construction Spending Down 1.3% in February, Says ABC
National nonresidential construction spending declined 1.3% in February, 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 $789.5 billion for the month. On a monthly basis, spending was down in 13 of 16 nonresidential subcategories. Private nonresidential spending…
With the Ides of March Upon Us, What’s the Economic Situation?
With 2021’s first two months under our belt, a new administration in the White House, and better virus news at hand, what can we say about the economic situation, especially as it relates to the Carolinas and our region? More specifically, what do the soothsayers predict for national GDP growth, interest rates, and inflation? Will…
Monthly Construction Input Prices Rise 2.1% in February, Says ABC
WASHINGTON, March 12, 2021 — Construction input prices rose 2.1% in February 2021, 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 also increased 2.1% for the month. Construction input prices are up 7.6% from February 2020, and nonresidential construction input…
Monthly Construction Input Prices Surge 2.5% in January, Says ABC
Construction input prices increased 2.5% in January 2021 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 rose 2.1% for the month. Construction input prices rose 4.8% from a year ago. Nonresidential construction input prices…
New “PRO Act” Will Hurt Construction Workers, Undermine Their Privacy And Make It Hard For The Economy To Recover, Official Warns
Measure Denies Workers Absolute Right to Secret and Fair Union Elections, Forces Them to Become the Victims of Union Disputes, Will Unleash Strikes and Disruptions that Will Kill Jobs, Hurt Recovery The Associated General Contractors of America’s chief executive officer, Stephen E. Sandherr, issued the following statement in reaction to the introduction in Congress today…
Ten Tips To Upgrade Your RFI Process in 2021: Part Two
This is part 2 of 10 helpful tips for developing your RFI process to manage and handle RFIs from the Field Crew to your Office Staff. Construction projects average hundreds of request for information (RFIs) each year, making it essential that project stakeholders maintain an efficient RFI process in the field. Additionally, it is essential…
Soaring Prices And Delivery Delays For Lumber, Steel And Other Inputs Squeeze Finances For Construction Firms Already Burdened By Pandemic
Soaring Prices And Delivery Delays For Lumber, Steel And Other Inputs Squeeze Finances For Construction Firms Already Burdened By Pandemic
Monthly Construction Input Prices Surge 2.5% in January, Says ABC
WASHINGTON, Feb. 17,, 2021 — Construction input prices increased 2.5% in January 2021 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 rose 2.1% for the month. Construction input prices rose 4.8% from a year ago….
Ten Tips To Upgrade Your RFI Process: Part One
The Request For Information (RFI) workflow is one of the most important processes that trade contractors use during the lifecycle of a project. It is the opportunity to ask a formal question to obtain a specific answer in regard to a deviation to the original project documents, plans or ever an Owner-initiated request in the…
ABC Statement on Senate Committee Vote Approving Nomination of Mayor Walsh as Labor Secretary
Associated Builders and Contractors President and CEO Michael Bellaman released the follow statement on the vote by the U.S. Senate Health, Education, Labor and Pensions Committee to approve the nomination of Mayor Marty Walsh as secretary of the U.S. Department of Labor: “Mayor Walsh knows the construction industry and its workforce, so I believe we…
