News - ABC New Jersey

Nonresidential Construction Spending Inches Higher in October, Up 20% Over the Past Year

National nonresidential construction spending increased 0.1% in October, 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 $1.1 trillion. Spending was up on a monthly basis in 8 of the 16 nonresidential subcategories.…

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ABC-NJ Celebrates Top Merit Shop Contractors, Projects at Awards Gala

Tonight, Associated Builders and Contractors New Jersey Chapter (ABC-NJ) proudly hosted their Excellence in Construction Awards Gala at the Berkeley Oceanfront Hotel in Asbury Park. This annual event features exceptional projects from top merit shop construction firms from across New Jersey, celebrates apprenticeship graduates and the year’s top craft instructor,…

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ABC: Construction Input Prices Decrease 1.2% in October, Driven by Lower Energy, Lumber and Steel Prices

Construction input prices declined 1.2% in October on a monthly basis, 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 fell 1.1% for the month. Construction input prices are 1.1% lower than a year ago,…

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ABC Slams OSHA’s Worker Walkaround Rule for Failing to Promote Workplace Health and Safety

WASHINGTON, Nov. 14—On Nov. 13, Associated Builders and Contractors filed comments opposing the Occupational Safety and Health Administration’s Worker Walkaround Representative Designation Process proposed rule, which would allow employees to choose a third-party representative, such as an outside union representative or community organizer, to accompany an OSHA safety inspector into nonunion…

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ABC Construction Backlog Indicator Falls Sharply for Small Contractors, Increases for Large Contractors in October, Contractors’ Confidence Dips

Associated Builders and Contractors reported today that its Construction Backlog Indicator declined to 8.4 months in October from 9.0 months in September, according to an ABC member survey conducted from Oct. 19 to Nov. 2. The reading is down 0.4 months from October 2022. View ABC’s Construction Backlog Indicator and…

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Nonresidential Construction Employment Increased in October, Industry Wage Growth Outpaces Economywide Average, Says ABC

The construction industry added 23,000 jobs on net in October, 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 219,000 jobs, an increase of 2.8%. Nonresidential construction employment increased by 8,400…

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All State Construction Unemployment Rates Remain Under 10% in September, Led by Maryland at 0.4%

The not seasonally adjusted national construction unemployment rate was 0.4% higher in September 2023 from the previous year, up from 3.4% to 3.8%. According to a state-by-state analysis of U.S. Bureau of Labor Statistics data released today by Associated Builders and Contractors, 16 states had lower unemployment rates over the…

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Construction Job Openings Increased by 56,000 in September, Says ABC

The construction industry had 431,000 job openings on the last day of September, 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…

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Nonresidential Construction Spending Increases For the 16th Straight Month in September

National nonresidential construction spending increased 0.3% in September, 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 $1.1 trillion. Spending was down on a monthly basis in 9 of the 16 nonresidential subcategories.…

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IRS Must Provide Clarity, Withdraw Anti-Competitive Labor Policies from Inflation Reduction Act’s Clean Energy Construction Tax Credit Rules

Associated Builders and Contractors submitted comments to the U.S. Treasury Department’s Internal Revenue Service in response to a proposed rule implementing controversial labor policies through changes to the federal tax code by the ABC-opposed Inflation Reduction Act. ABC called on the IRS to provide further clarity and withdraw anti-competitive aspects of the…