News
ABC: Prices of Construction Materials Fall 0.3% in June
Construction input prices fell 0.3% in June 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 declined 0.4% for the month. Overall construction input prices are 1.1% higher than a…
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ABC’s Construction Backlog Indicator Inched Higher in June, Contractors Remain Confident
Associated Builders and Contractors reported today that its Construction Backlog Indicator increased to 8.4 months in June, according to an ABC member survey conducted June 20 to July 3. The reading is down 0.5 months from June 2023. View the full Construction Backlog Indicator and Construction Confidence Index data series. The…
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ABC: Construction Adds 27,000 Jobs in June; Industry Unemployment Rate Plunges to Second Lowest Ever Recorded
The construction industry added 27,000 jobs on net in June, according to an Associated Builders and Contractors analysis of data released today by the U.S. Bureau of Labor Statistics. On a year-over-year basis, industry employment has increased by 235,000 jobs, an increase of 2.9%. Nonresidential construction employment increased by 21,200…
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