News - ABC New Jersey

ABC: Construction Job Openings at 339,000 in May; Down By 38,000 From May 2023

The construction industry had 339,000 job openings on the last day of May, 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…

Andrew DeVito In National, News

ABC: Nonresidential Construction Spending Slips 0.1% in May But Remains Elevated

National nonresidential construction spending decreased 0.1% in May, 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 $1.21 trillion. Spending declined on a monthly basis in 9 of the 16 nonresidential subcategories. Private…

Jillian Stengel In Member News

RS Phillips Steel, LLC Celebrating 90 Years in Business!

For 90 years and 4 Generations, the Phillips Family has been trucking Steel up and down Lake Pochung Road, in Vernon, NJ. From its humble beginnings in 1934, Reginald Stewart Phillips purchased an old Apple Orchard as a place to lay down the excess materials from his greenhouse business. In the…

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ABC New Jersey’s Apprenticeship Education & Training Fund receives grant from Truist Foundation to further opportunities and careers in construction

ABC New Jersey’s Apprenticeship Education & Training Fund receives grant from Truist Foundation to further opportunities and careers in construction Associated Builders and Contractors New Jersey Chapter (ABC-NJ)’s Apprenticeship Education & Training Fund (AETF) today announced it received a $75,000 grant from the Truist Foundation to support opportunities and careers across all trades in the construction…

Jillian Stengel In Awards, Member News, News

2024 Excellence in Construction Awards Submissions Now Open

ABC New Jersey is pleased to announce the 2024 Excellence in Construction Awards competition. This is an opportunity for your project(s) to join other merit shop projects and be recognized by ABC New Jersey as the “Best of the Best”. Winners and participants will be recognized at our Excellence in Construction…

Andrew DeVito In National, News

ABC: Construction Materials Prices Decrease in May for the First Time Since December

Construction input prices decreased 0.9% in May 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 0.8% for the month. Overall construction input prices are 2.1% higher than a…

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ABC’s Construction Backlog Indicator Inches Lower in May, Contractors Remain Confident

Associated Builders and Contractors reported today that its Construction Backlog Indicator fell to 8.3 months in May, according to an ABC member survey conducted May 20 to June 4. The reading is down 0.6 months from May 2023. View the full Construction Backlog Indicator and Construction Confidence Index data series. Backlog…

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Samantha DeAlmeida Roman Announced as 2024 Philadelphia Titan 100

Titan CEO and headline sponsor Wipfli LLP are pleased to announce Samantha DeAlmeida Roman, President, Associated Builders and Contractors New Jersey Chapter, as a 2024 Philadelphia Titan 100. The Titan 100 program recognizes Philadelphia’s Top 100 CEO’s & C-level executives. They are the area’s most accomplished business leaders in their industry using…

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ABC: Nonresidential Construction Adds 17,100 Jobs in May

The construction industry added 21,000 jobs on net in May, 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 251,000 jobs, an increase of 3.1%. Nonresidential construction employment increased by 17,100…

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It’s no joke: Shortage of plumbers could clog up economy

It’s no secret that the U.S. and New Jersey are facing a skilled labor shortage, with longtime trade workers on the brink of retirement and a significant deficiency of new workers in the pipeline. In fact, the construction industry is looking to recruit half a million workers this year to balance supply…