News
Monthly Construction Input Prices Decreased 2% in July, Up 17% From a Year Ago, Says ABC
Construction input prices decreased 1.8% in July compared to the previous month, according to an Associated Builders and Contractors analysis of U.S. Bureau of Labor Statistics’ Producer Price Index data released today. Nonresidential construction input prices decreased 1.8% for the month as well. Construction input prices are up 17.4% from…
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ABC’s Construction Backlog Indicator and Contractor Confidence Index Waver in July
Associated Builders and Contractors reported today that its Construction Backlog Indicator fell 0.2 months in July and stands at 8.7 months, according to an ABC member survey conducted July 20 to Aug. 3. The reading is up 0.2 months from July 2021. View ABC’s Construction Backlog Indicator and Construction Confidence…
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Democrats’ Reckless Reconciliation Package Will Worsen Inflation, Not Curb It
Associated Builders and Contractors today released the following statement on Senate Democrats’ “Inflation Reduction Act,” a $740 billion tax-and-spending spree scheduled to pass in a partisan political process at a time when our economy is pointed toward recession. “While the Democrats’ reconciliation proposal has undergone changes over the recent days,…
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