Nonresidential Construction Spending Falls Slightly in June, Says ABC
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…
Updated NEPA Regulations Will Eliminate Unnecessary Delays, Reduce Costs for Construction Sector
WASHINGTON, DC – July 22, 2020 – On July 15, the Council on Environmental Quality issued a final rule on updating and modernizing its National Environmental Policy Act regulations. Following the issuance of the NEPA final rule, ABC’s Vice President of Legislative & Political Affairs Kristen Swearingen issued the following statement: “The modernization of these critical regulations…
AGC Warns Construction Job Losses Will Resume without Federal Funding
July 17, 2020 – Construction employment increased from May to June in 31 states and the District of Columbia, but the gains may have stalled, according to an analysis by the Associated General Contractors of America of government employment data released today and a compilation(link is external) of weekly jobsite hours by construction technology firm Procore. Association officials urged…
ABC’s Construction Backlog Indicator Up in June; Contractor Optimism Grows
WASHINGTON, July 14, 2020 — Associated Builders and Contractors reported today that its Construction Backlog Indicator rose to 8.1 months in June, an increase of 0.2 months from May’s reading. CBI is down approximately 8% from its June 2019 level. Every region except the Middle States experienced an increase in backlog in June compared to May,…
Re-starting Construction: Documenting Safety Compliance and Productivity
The impact of the global pandemic of COVID-19 is far-reaching. The government-mandated shutdowns and strict social distancing rules have greatly affected the way we live and work. The social distancing and enhanced safety protocols will significantly impact how we work, how productive we can be, and how much money we stand to make. More and…
18 Biggest Construction Companies in the World and What Makes Them Great
Attention, construction project managers! Here is the list of the biggest construction companies in the world and projects that make them great. The construction industry in the United States creates about $1 trillion in structures and infrastructure every year. The spending adds about $3.4 billion to the Gross Domestic Product and puts a lot of money into the economy. Unlike some…
HVAC Submittals: The Complete Guide
When it comes to HVAC construction, project managers and company leadership have a lot to juggle, which means, sometimes, HVAC submittals don’t get the attention they deserve. While they may seem like a small step for an HVAC job, they are an essential point of communication between the contractor team and the design team at…
Composite Steel Frame: A Brief Overview
Part of the draw of steel as a construction material is the combination of availability, versatility, and durability. Perhaps nothing sums up all three of these traits like a composite steel frame. By implementing the properties of steel along with the properties of concrete, you have a piece of construction that is uniquely suited to…
Monthly Construction Input Prices Rise in June, Says ABC
WASHINGTON, July 10, 2020 — Construction input prices rose 2.2% in June, 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 by 2.3% for the month. Among the 11 subcategories, six experienced monthly increases. The increase in prices was driven…
Carolinas AGC Launches New Podcast Series Ensuring Inclusive Workplaces and Safety Strategies During COVID-19
Carolinas AGC (CAGC) is excited to bring to the construction industry a new podcast series with a focus on ensuring inclusive workplaces and safety. CAGC’s Buildercast podcast series is part of a larger effort to embrace and improve diversity within the construction industry. “Our industry and our members are taking the opportunity to lead the way to attract…
