Associated Builders and Contractors today applauded the U.S. House of Representatives Committee on Oversight and Accountability’s passage of the Fair and Open Competition Act, H.R. 1209. FOCA would protect federal and federally assisted construction contracts from anti-competitive and inflationary government-mandated project labor agreements and allow merit shop contractors and their skilled employees to…
Construction input prices remained unchanged 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 were also unchanged for the month. Overall construction input prices are 4.9% lower than…
Associated Builders and Contractors member contractors invested more than $1.5 billion to provide nearly 1.3 million course attendees with craft, leadership and safety education in 2022, according to its 2023 Workforce Development Survey, down from $1.6 billion in 2021. The annual assessment quantifies the scope of ABC members’ workforce development…
The construction industry had 366,000 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…
National nonresidential construction spending decreased 0.2% 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 $1.06 trillion. Spending declined on a monthly basis in nine of the 16 nonresidential subcategories. Private…
2023 ABC-NJ Excellence in Construction Applications and Woman of the Year Nominations Now Available!
ABC-NJ is pleased to announce the 2023 Excellence in Construction Awards Competition. This competition is an opportunity to have your project(s) join other Merit Shop projects and be recognized by ABC-NJ as the “Best of the Best”. Winners and participants will be recognized at our Excellence in Construction Awards Dinner…
Construction input prices fell 0.6% in May compared to the previous month, according to an Associated Builders and Contractors analysis of the U.S. Bureau of Labor Statistics’ Producer Price Index data released today. Nonresidential construction input prices declined 0.5% for the month. Overall construction input prices are 3.7% lower than…
Associated Builders and Contractors reported today that its Construction Backlog Indicator remained unchanged at 8.9 months in May, according to an ABC member survey conducted May 20 to June 7. The reading is 0.1 months lower than in May 2022. View the historic Construction Backlog Indicator and Construction Confidence Index…
Associated Builders and Contractors reported today that its Construction Backlog Indicator remained unchanged at 8.9 months in May, according to an ABC member survey conducted May 20 to June 7. The reading is 0.1 months lower than in May 2022. View the historic Construction Backlog Indicator and Construction Confidence Index…
The 2023 Robert Risnychok Associated Builders & Contractors Past Presidents Memorial Scholarship will be presented to the high school senior or college student who is a child or grandchild of an ABC-NJ Chapter member and has been judged the recipient by the Associated Builders and Contractors Association Scholarship Committee. The…