8 Ways Subcontractors Can Manage Labor Shortages
Labor shortages are making it difficult for subcontractors to find workers—especially those who are well-trained and in-demand. According to the Home Builder Institute Construction Labor Market Report, the construction industry needs over 2 million more workers over the next three years to keep up with the booming demand for new houses amid the labor shortage.Subcontractors need to be…
Nonresidential Construction Spending Drops Slightly in February, Says ABC
National nonresidential construction spending was down 0.1% 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 $844.5 billion for the month. Spending was down on a monthly basis in 10 of the 16 nonresidential subcategories. Private…
Construction Adds 19,000 Jobs In March, While Project Spending Rises For 12th Straight Month In February; Officials Warn Of Growing Challenges
Construction employment climbed by 19,000 jobs between February and March, while spending on construction projects rose for the 12th month in a row in February, according to an analysis by the Associated General Contractors of America of government data released today. Association leaders warned that further gains may stall unless the supply of workers and…
ABC and AFSP Announce Partnership to Address Mental Health and Suicide Prevention in the Construction Industry
Associated Builders and Contractors and the American Foundation for Suicide Prevention today announced a collaborative partnership to address mental health and suicide prevention throughout the U.S. construction industry. The goals of the partnership are to improve the mental health of construction workers through effective suicide prevention education, intervention and postvention strategies; to encourage, equip and…
Despite Impressive January Jobs Report, Nonresidential Construction Employment Declines by 9,000, Says ABC
The construction industry lost 5,000 jobs on net in January, according to an Associated Builders and Contractors analysis of data released today by the U.S. Bureau of Labor Statistics. Overall, the industry has recovered slightly more than 1 million (91%) of the jobs lost during earlier stages of the pandemic. Nonresidential construction employment declined by…
Graycor Opens Office in Greenville, SC
Graycor, a national leading provider of construction, maintenance, and facilities services, announced the opening of an office in Greenville, SC. The new location will support the company’s growth in the Southeast. Founded in Chicago in 1921, Graycor provides construction services to a range of industries including retail, commercial, ecommerce, automotive, manufacturing, warehouse and distribution, process…
Celebrating Quality: ABC Carolinas Salutes Member Firms Earning AQC Status
ABC Carolinas congratulates all of its member firms that were named Accredited Quality Contractors (AQC) by the Associated Builders and Contractors (ABC) last month. These 27 companies from the Carolinas earned this prestigious national credential for their commitment to corporate responsibility – documenting this commitment in five areas: Quality, Safety Performance, Talent Management, Craft and…
Construction Adds 31,000 Jobs In November, With Gains In All Segments, But Industry Will Need Even More Workers As Demand Accelerates
Construction employment increased by 31,000 jobs between October and November as nonresidential construction firms added workers for the third month in a row, according to an analysis by the Associated General Contractors of America of government data released today. Association officials said construction firms were likely to have added even more jobs if they could…
Dodge Momentum Index Recovers in September
The Dodge Momentum Index gained 11% in September to 164.9 (2000=100) from the revised August reading of 148.0. The Momentum Index, issued by Dodge Construction Network, is a monthly measure of the initial report for nonresidential building projects in planning, which have been shown to lead construction spending for nonresidential buildings by a full year. The commercial…
Introducing Dodge Construction Network, the Catalyst for Modern Construction
The launch of Dodge Construction Network, a new brand uniting Dodge Data & Analytics, The Blue Book Network, IMS and Sweets, was announced today. Following the recent merger of Dodge and Blue Book, the two 100-year-old market leaders today revealed their latest initiatives to unite under the new umbrella brand and provide the construction industry…
