Associated Builders and Contractors reported today that its Construction Backlog Indicator increased to 8.6 months in December from 8.5 months in November, according to an ABC member survey conducted Dec. 20 to Jan. 4. The reading is down 0.6 months from December 2022. View ABC’s Construction Backlog Indicator and Construction Confidence Index tables for…
On Tuesday, Governor Murphy gave his seventh State of the State address before a joint session of the State Legislature. The Governor touched on familiar topics including affordability, economic growth, healthcare, affordable housing, organized labor, infrastructure, law enforcement and gun violence. In a departure from his last State of the…
Associated Builders and Contractors today released a statement from Vice President of Regulatory, Labor and State Affairs Ben Brubeck opposing the U.S. Department of Labor’s independent contractor final rule under the Fair Labor Standards Act. “By undermining the flexible, independent work for millions of Americans, President Joe Biden’s DOL is…
The construction industry had 459,000 job openings on the last day of November, 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 0.1% in November, according to an Associated Builders and Contractors analysis of data published by the U.S. Census Bureau on Jan. 2. On a seasonally adjusted annualized basis, nonresidential spending totaled $1.143 trillion. Spending was down on a monthly basis in 11 of the 16…
Construction input prices decreased 0.3% in November 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 decreased 0.3% for the month as well. Inputs to construction are still nearly…
The construction industry added 2,000 jobs on net in November, 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 200,000 jobs, an increase of 2.6%. Nonresidential construction employment increased by 1,400…
For the first time, Georgia was named the top state for construction in Associated Builders and Contractors’ annual Merit Shop Scorecard. The scorecard, released yearly since 2015, ranks all 50 states and the District of Columbia based on policies and programs that strengthen career pathways in construction, encourage workforce development…
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….
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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