Andrew DeVito - ABC New Jersey

ABC: Nonresidential Construction Spending Rises to Highest Level on Record in February

National nonresidential construction spending increased 0.3% in February, 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 $1.255 trillion. Spending was up on a monthly basis in 9 of the 16 nonresidential subcategories.…

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Construction Job Openings Still Subdued in February, Says ABC

The construction industry had 264,000 job openings on the last day of February, 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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On April 2, Join ABC’s Chief Economist for a Q1 2025 Construction Economic Webinar

WHAT: Construction Executive’s Q1 2025 Construction Economic Forecast Webinar WHO: Anirban Basu, chief economist, Associated Builders and Contractors WHEN: Wednesday, April 2, 2-3:30 p.m. ET WHY: Tailored for commercial construction contractors, this update from Basu will provide pertinent details on up-to-the-minute economic conditions. Basu shares insights on…

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ABC Obtains National Recovery Friendly Workplace Certification

Associated Builders and Contractors today announced it is the first building and construction association in the United States to achieve certification as a recovery-friendly workplace from the Global Recovery Initiatives Foundation’s National Recovery Friendly Workplace Institute. This rigorous certification recognizes ABC’s commitment to fostering a supportive environment for employees in recovery from substance use…

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ABC: Construction Materials Prices Increase 0.6%, Steel Surges Nearly 4% in February

Construction input prices increased 0.6% in February, 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 also increased 0.6% for the month. Overall construction input prices are 0.3% higher than one year ago, while nonresidential…

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ABC Commends Trump Administration Plan To Provide Clarity on Waters of the United States Rule

Associated Builders and Contractors issued a statement from its Vice President of Regulatory, Labor and State Affairs, Ben Brubeck, on U.S. Environmental Protection Agency Administrator Lee Zeldin’s announcement that the EPA and U.S. Army Corps of Engineers will revise the definition of “waters of the United States.” “On behalf of contractors across America that…

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Lori Chavez-DeRemer Sworn in as Labor Secretary

On March 10, in a 67-32 vote, the U.S. Senate confirmed Lori Chavez-DeRemer to serve as secretary of the U.S. Department of Labor. Sens. Rand Paul, R-Ky., Mitch McConnell, R-Ky., and Ted Budd, R-N.C., voted against Chavez-DeRemer, while seventeen Democrats voted for her. The Senate floor vote to confirm her follows a…

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ABC: Nonunion Construction Workforce Tops 80% in 41 States

Associated Builders and Contractors today released an analysis of 2024 state union membership data published by unionstats.com, which found that in 41 states at least 80% of workers in the private construction industry did not belong to a union. At least 90% of workers in the private construction industry did not…

Andrew DeVito In National, News

ABC: Construction Labor Force Churn Accelerates in January

The construction industry had 236,000 job openings on the last day of January, according to an Associated Builders and Contractors analysis of data released today in 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…

Andrew DeVito In National, News

ABC’s Construction Backlog Indicator Inches Lower in February, Contractor Confidence Remains Elevated

Associated Builders and Contractors reported today that its Construction Backlog Indicator fell to 8.3 months in February, according to an ABC member survey conducted Feb. 20 to March 5. The reading is up 0.2 months since February 2024. View the full Construction Backlog Indicator and Construction Confidence Index data series. Backlog…