ABC: Construction Job Openings Up By 54,000 in August
The construction industry had 407,000 job openings in August, according to an Associated Builders and Contractors analysis of data from the U.S. Bureau of Labor Statistics’ Job Openings and Labor Turnover Survey. JOLTS defines a job opening as any unfilled position for which an employer is actively recruiting. Industry job openings increased by 54,000 last…
Insight from CAGC: Infrastructure Investment and Jobs Act
To help our readers gain a better understanding of the Infrastructure Investment and Jobs Act and its implications for our two-state region, GroundBreak Carolinas reached out to Carolinas AGC’s Leslie Clark, Vice President of Operations and SC Director of Government Relations & Divisions, and Victor Barbour, PE, Director, NC Government Relations & Highway-Heavy Division. What…
A M King Women Participate in 24-Hour Challenge during Habitat’s Women Build Week 2021
Everyone knows that the cornerstone of great reality shows is challenges, the more wildly inventive and seemingly impossible the better. This isn’t a story about The Great British Bake Off or America Ninja Warrior. But imagine there are groups of women who are asked to build walls for use in Habitat for Humanity homes. They are given hammers,…
ABC’s Construction Backlog Indicator Rebounds in October; Contractor Optimism Rises
WASHINGTON, Nov. 10, 2020 — Associated Builders and Contractors reported today that its Construction Backlog Indicator rebounded to 7.7 months in October, an increase of 0.2 months from September’s reading, according to an ABC member survey conducted from Oct. 20 to Nov. 5. Backlog is 1.2 months lower than in October 2019. ABC’s Construction Confidence Index…
Concrete – the World’s Most Widely Used Material – Targets Carbon Neutral Future
Forty of the world’s leading cement and concrete companies today unveiled a joint industry ‘2050 Climate Ambition.’ The ambition statement demonstrates the commitment of the industry across the globe to drive down the CO2 footprint of the world’s most used man-made product, with an aspiration to deliver society with carbon neutral concrete by 2050. Launched by…
NAIOP Industrial Space Demand Forecast: While Long Term Growth Is Expected, Recession Will Have a Significant Impact on Industrial Real Estate Absorption Rates Into 2021
Although industrial real estate has outperformed other commercial property types this year due in part to a surge in e-commerce, broader macroeconomic indicators suggest industrial space absorption will decline sharply in Q3 2020 and then rebound to positive levels in Q2 2021, according to the NAIOP Industrial Space Demand Forecast, released today. Industrial net absorption is…
BOMA, Yardi and Brightline Strategies Announce Partnership to Conduct Commercial Real Estate COVID-19 Impact Studies
The Building Owners and Managers Association (BOMA) International, Yardi and Brightline Strategies announced today a strategic partnership to field three, nationwide commercial real estate COVID-19 impact studies. The rolling research program is designed to assess the latest in tenant decision-maker sentiments relating to COVID-19, as well as its impacts on their businesses and attitudes towards…
ABC’s Construction Backlog Indicator Inches Higher in May; Contractor Confidence Continues to Rebound
WASHINGTON, June 9—Associated Builders and Contractors reported today that its Construction Backlog Indicator rose to 7.9 months in May, an increase of less than 0.1 months from April’s reading. Furthermore, based on an ABC member survey conducted May 20-June 3, results indicate that confidence among U.S. construction industry leaders continued to rebound from the historically low…
Contact Tracing to Improve Safety and Efficiency for Construction Sites in Wake of COVID-19 Challenges
Press Release When it comes to construction site safety, TRIVA has developed a reputation as the industry go-to for real-time data collection that helps improve project management and operations. Now, the company is expanding its commitment to clients with introduction of an expanded contact tracing feature to address the unique challenges brought on by COVID-19. TRIVA is…
Nonresidential Construction Spending Down in August, Says ABC
National nonresidential construction spending declined 0.4% in August, according to an Associated Builders and Contractors analysis of U.S. Census Bureau data published today. On a seasonally adjusted annualized basis, spending totaled $773.8 billion, 0.3% higher than in August 2018. Private nonresidential spending fell 1% on a monthly basis and is down 2.8% compared to the…
