Nonresidential Construction Spending Decreases in 15 Out of 16 Segments in February
National nonresidential construction spending declined 1.0% 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 $1.179 trillion. Spending was down in a monthly basis in 15 of the 16 nonresidential subcategories. Private nonresidential spending fell 0.9%,…
Dodge Momentum Index Recedes 1% in February
The Dodge Momentum Index (DMI), issued by Dodge Construction Network, fell 1.4% in February to 180.5 (2000=100) from the revised January reading of 183.0. Over the month, commercial planning fell 2.3% and institutional planning ticked up 0.1%. “Weaker office and healthcare planning constrained nonresidential planning in February,” stated Sarah Martin, associate director of forecasting for Dodge. “However,…
Coalition Of Trade Associations Requests Improvements To White House Implementation Of The Build America, Buy America Act
Groups File Formal Request for Rulemaking Urging White House to Drop its Current Approach to Requirements that Risks Confusion and Delays on Key Construction Projects Four national trade associations petitioned the White House to make improvements in its implementation of “made in America” requirements for construction products and materials. They noted their members have encountered significant difficulty…
ABC Announces 2024 Top-Performing US Construction Contractors
Associated Builders and Contractors today released its 2024 Top Performers lists recognizing its contractor members’ outstanding achievements in safety, quality, inclusion, project excellence and special designations ranked by number of hours worked. The No. 1 2024 ABC Top Performer by work hours is Turner Industries Group LLC, Baton Rouge, Louisiana; followed by Skanska USA Building, New York;…
Government-Registered Apprenticeship Programs Not Keeping Up With Construction Industry Needs
At current rates of participation and completion, federal and state government-registered apprenticeship programs, or GRAPs, will fail to meet the construction industry’s short- and long-term skilled workforce needs, according to an Associated Builders and Contractors analysis of recently released U.S. Department of Labor data. ABC estimates that the construction industry’s federal and state GRAPs had about…
Dodge Momentum Index Remains Flat in January
Institutional planning continues to accelerate, while commercial planning ticks down The Dodge Momentum Index (DMI), issued by Dodge Construction Network (DCN), rose 0.1% in January to 184.1 (2000=100) from the revised December reading of 183.9. Over the month, commercial planning fell 1.0% and institutional planning improved 2.1%. “Divergent trends between commercial and institutional planning continued in January, nullifying…
ABC: 2024 Construction Workforce Shortage Tops Half a Million
The construction industry will need to attract an estimated 501,000 additional workers on top of the normal pace of hiring in 2024 to meet the demand for labor, according to a proprietary model developed by Associated Builders and Contractors. In 2025, the industry will need to bring in nearly 454,000 new workers on top of…
ABC: Less Than 10% of the Construction Workforce Belongs to a Union in 29 States
Associated Builders and Contractors today released an analysis of 2023 state union membership data published by UnionStats.com, which found at least 90% of workers in the private construction industry do not belong to a union in 29 states. That’s up from 26 states in 2022 and 24 states in 2021. Nationally, an all-time high 89.3% of construction workers…
Building More than a Home: Three Generations, One Project
I’m really excited to share a special project close to my heart – building our “forever home” with my husband, dad, and daughter. This experience resonates deeply with my role as a healthcare builder and has made me think about how and why I chose and continue to choose this profession. Teamwork & Collaboration: Like…
ABC’s Construction Backlog Indicator Inches Higher in December, Contractor Confidence Improves
Associated Builders and Contractors reported today that its Construction Backlog Indicator increased to 8.6 months in December from 8.5 months in November, according to an ABC member survey conducted Dec. 20 to Jan. 4. The reading is down 0.6 months from December 2022. View the full Construction Backlog Indicator and Construction Confidence Index data series. The…
