National nonresidential construction spending decreased 0.3% in April, 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 $1.20 trillion. Spending was down on a monthly basis in 10 of the 16 nonresidential subcategories….
Associated Builders and Contractors today announced the filing of a complaint in the U.S. District Court for the Eastern District of Texas, Sherman Division, challenging the U.S. Department of Labor’s controversial final rule, Defining and Delimiting the Exemptions for Executive, Administrative, Professional, Outside Sales, and Computer Employees, which will change overtime regulations under the Fair…
Associated Builders and Contractors reported today that its Construction Backlog Indicator increased to 8.4 months in April, according to an ABC member survey conducted April 22 to May 6. The reading is down 0.5 months from April 2023, but expanded 0.2 months from the prior month. View the full Construction…
Construction input prices increased 0.5% in April 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 increased 0.6% for the month. Overall construction input prices are 2.3% higher than a…
Associated Builders and Contractors today issued the following statement supporting United for Infrastructure’s 12th annual Infrastructure Week, May 13-17. “The importance of quality, safe, dependable infrastructure cannot be understated, and we must build public works projects to deliver the most value for the taxpayer and our communities,” said Ben Brubeck, ABC…
Construction Executive, Associated Builders and Contractors’ award-winning magazine, today announced the details of its annual photo contest. Open to all photographers—individuals and firms, amateurs and professionals alike—the contest seeks the most captivating construction snapshots: dynamic, well-composed and visually appealing images that showcase the essence of U.S. construction projects and teams. The…
Associated Builders and Contractors today issued the following statement criticizing President Joe Biden’s veto of H.J. Res 98, the Joint Employer Congressional Review Act resolution of disapproval, which would have nullified the ABC-opposed rule issued by the National Labor Relations Board in 2023 and prevented promulgation of a similar rule in the future….
The construction industry added 9,000 jobs on net in April, 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 258,000 jobs, an increase of 3.2%. Nonresidential construction employment increased by 7,800…
The March 2024 not seasonally adjusted national construction unemployment rate was 5.4%, down 0.2% from the previous year, according to a state-by-state analysis of U.S. Bureau of Labor Statistics data released today by Associated Builders and Contractors. The analysis also found that 29 states had lower unemployment rates over the same period,…
National nonresidential construction spending increased 0.2% in March, 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 $1.19 trillion. Spending was up on a monthly basis in 10 of the 16 nonresidential subcategories….
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