After Uncertainty Comes Opportunity
If you’ve spoken with a real estate developer over this past year, just about every one of them will have mentioned that they have been waiting for something to change with the construction/development environment. Land prices have been high. Construction costs have been high. And that’s not a great combination if you are a real…
ABC Carolinas Urges NC & SC Governors and Lawmakers to Keep Jobsites Open and Workforce Employed
Associated Builders and Contractors of the Carolinas’ (ABC Carolinas) distributed the following communication to its members today, March 23, 2020: “In an effort to support our valued ABC membership and industry, ABC Carolinas’ Board has sent the following letters to our North and South Carolina Governors, Lt. Governors as well as to House and Senate…
CAGC Fights to Keep Construction Essential in the Carolinas
Charlotte, NC – March 23, 2020 – In response to the COVID-19 crisis, Carolinas AGC (CAGC) is urging the Governors of North Carolina and South Carolina to consider all construction to be an essential service in the event there is a shelter-in-place order. Carolinas AGC is working with the administrations of NC Gov. Roy…
Carolinas AGC on How Contractors Can Help Area Hospitals
Earlier this week, President Trump asked for Contractors to please send ANY AVAILABLE Masks to the hospitals. See below for ways contractors can help in South Carolina and North Carolina. Information for South Carolina Carolinas AGC staff reached out to the SC Hospital Association to confirm the need. The Hospital Association called it “a dire…
Construction Contractor Confidence Robust to Start 2020, Says ABC
WASHINGTON, March 19, 2020 — Confidence among U.S. construction industry leaders generally improved in January, consistent with the burgeoning momentum of the U.S. economy during the early weeks of 2020, according to the Associated Builders and Contractors Construction Confidence Index released today. While the reading for sales expectations edged lower for the month, confidence pertaining…
ABC’s Construction Backlog Indicator Rebounds in January
WASHINGTON, March 17, 2020 — Associated Builders and Contractors reported today that its Construction Backlog rose to 8.9 months in January 2020, a 5.9% increase from December’s reading. Backlog for firms with less than $30 million in revenues expanded by nearly 20% after declining sharply in December. “This represents yet another reminder that nonresidential construction and…
Nonresidential Construction Spending Attains All-time High in January, Says ABC
WASHINGTON, March 2, 2020 — National nonresidential construction spending increased by 1.6% in January and is up 5.1% on a year-ago basis, 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 a record $806.9 billion in January. Private nonresidential spending…
Construction Contractor Confidence Remains Steady, Says ABC
WASHINGTON, Feb. 20, 2020 — Confidence among U.S. construction industry leaders held steady in December 2019 after surging in November, according to the Associated Builders and Contractors Construction Confidence Index released today. The average American contractor entered 2020 with confidence: Sales expectations, profit margins and staffing levels all remained above the growth expectations threshold, indicating a…
Monthly Construction Input Prices Rise Slightly in January, Says ABC
WASHINGTON, Feb. 19, 2020 — Construction input prices rose 0.3% in January compared to December 2019 and are up 1.9% 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 were flat for the month and are up…
ABC’s Construction Backlog Indicator Falls to Close 2019
WASHINGTON, Feb. 18, 2020 — Associated Builders and Contractors reported today that its Construction Backlog Indicator fell to 8.4 months in December 2019, a 4.2% decline from November’s reading. This appeared to be due primarily to seasonal factors. “December’s nonresidential construction backlog fell to the reading’s lowest level since January 2019,” said ABC Chief Economist Anirban Basu. “This…
