Contractors are Highly Confident as Revenues Shift Upward
USG Corporation + U.S. Chamber of Commerce Index The Commercial Construction (CCI) Index rose three points in Q3 2019 to 77, the highest score since the index was first released in Q2 2017. Market trends reinforce the other indicators of high confidence, with expected increases in spending on tools and equipment, and consistent access to…
ABC’s Construction Backlog Indicator Slips in September
Associated Builders and Contractors reported today that its Construction Backlog Indicator fell to 8.9 months in September 2019, down 0.1 months or 0.8% from August 2019 when CBI stood at nine months. “Today’s backlog reading indicates that pre-existing trends will remain in place,” said ABC Chief Economist Anirban Basu. “In recent months, public construction spending has fueled…
Construction Employment Increases In 41 States And D.C. From October 2018 To October 2019, While 28 States Added Construction Jobs Last Month
Forty-one states and the District of Columbia added construction jobs between October 2018 and October 2019, while construction employment increased in 28 states from September to October, according to an analysis by the Associated General Contractors of America of Labor Department data released today. Association officials said that firm’s efforts to increase pay and benefits…
Construction Input Prices Unchanged in October, Says ABC
Construction input prices remained unchanged on a monthly basis in October but are down 2.2% 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 fell 0.1% for the month and are down 2.0% compared to the same time…
ABC Elects 2020 National Chair, Executive Committee
Associated Builders and Contractors’ Board of Directors elected Tim Keating, owner and president, R. C. Stevens Construction Co., to serve as the 2020 ABC national chair during the association’s annual Leadership Institute in San Antonio. Steve Klessig, vice president of architecture and engineering, Keller Inc., was elected chair-elect and Stephanie Schmidt, president, Poole Anderson Construction,…
ABC Highlights Value of Leading Safety Indicators During OSHA Public Meeting
Associated Builders and Contractors Vice President of Health, Safety, Environment and Workforce Development Greg Sizemore spoke at a Nov. 7 Occupational Health and Safety Administration public meeting on leading indicators for safety and health programs. In his remarks, Sizemore emphasized the importance of leading indicators as a proactive measure to prevent workplace hazards and reduce…
50 Construction Terms Every Construction Manager Should Know
The construction industry has many specific terms and acronyms that can be extremely confusing at first. Being a technology-focused construction company, we put a heavy focus on ensuring our employees understand the ins and outs of construction terminology, as not all things can be taught in classrooms. Rather, the knowledge is acquired through spending time on the…
Career Readiness and Employability Credential Program Announced
SkillsUSA, an innovator in educational resources for career and technical education (“CTE”) students, today announced the official launch of the SkillsUSA Career Essentials Credential. This new curriculum and credential program provides CTE students with the foundational skills, attitudes, and values necessary to ensure that America has the skilled workforce it needs to combat the growing…
Construction Contractors Remain Confident in August, Says ABC
U.S. construction industry leaders remained confident in August 2019, according to the Construction Confidence Index released today by Associated Builders and Contractors. While contractors were less upbeat regarding sales growth over the coming six months, confidence associated with profit margins and staffing increased from July to August. Despite slightly diminished sales expectations, nearly 63% of…
ABC’s Construction Backlog Indicator Rebounds in August
Associated Builders and Contractors reported today that its Construction Backlog Indicator climbed to nine months in August 2019, up 0.5 months or 5.4% from July 201 Construction Backlog Indicator 9, when CBI stood at 8.5 months. “Despite some other leading indicators suggesting weakening in nonresidential construction spending, our most recent backlog readings show that contractors are…
