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Imminent Rail Strike Would Pulverize Fragile US Economy and Supply Chain

Associated Builders and Contractors today released the following statement regarding the devastating effects of a looming rail strike on the already weak U.S. economy and supply chain: “On Friday, America’s railroad infrastructure will grind to a halt unless cooler heads prevail or Congress takes immediate action to resolve a union…

Jillian Stengel In National, News

ABC’s Contractor Confidence Rebounds; Construction Backlog Indicator Flat in August

construction backlog indication aug 2022

Associated Builders and Contractors reports today that its Construction Backlog Indicator remained unchanged at 8.7 months in August, according to an ABC member survey conducted Aug. 22 to Sept. 7. The reading is a full month higher than in August 2021. View ABC’s Construction Backlog Indicator and Construction Confidence Index…

Jillian Stengel In National, News

Construction Employment Increases by 16,000 in August, Says ABC

The construction industry added 16,000 jobs on net in August, 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 risen by 311,000 jobs or 4.2%. Nonresidential construction employment rose by 4,300 positions on…

Jillian Stengel In National, News

ABC: Nonresidential Construction Spending Increases by a Modest 0.8% in July

National nonresidential construction spending increased 0.8% in July, 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 $847.6 billion for the month. Spending was up on a monthly basis in 13 of the…

Jillian Stengel In National, News

ABC: Suicide Prevention Is a National Priority for Construction

On the first day of Suicide Prevention Month 2022, Associated Builders and Contractors calls on the entire construction industry to strengthen total human health among its workers and decrease the number of deaths by suicide. In 2020, the Centers for Disease Control and Prevention reported that the construction industry had…

Jillian Stengel In Member News, National

ABC Members Exempt from Federal COVID-19 Vaccine Mandate, 11th Circuit Rules

WASHINGTON, Aug. 26—Associated Builders and Contractors today released the following statement from Ben Brubeck, ABC vice president of regulatory, labor and state affairs, on the 11th Circuit Court decision on vaccination mandates for federal contractors announced on Friday evening. “This evening’s decision by the U.S. Court of Appeals for the…

Jillian Stengel In National, News

House Passage of Democrats’ Reconciliation Package Fails Job Creators and Hardworking Taxpayers

Associated Builders and Contractors released the following statement after the U.S. House of Representatives passed Senate Democrats’ $740 billion tax-and-spend bill: “Democratic lawmakers now own the consequences of sending this radical bill to the president’s desk, including potential economic fallout, additional inflation, more workforce shortages and high materials prices that…

Jillian Stengel In National, News

Monthly Construction Input Prices Decreased 2% in July, Up 17% From a Year Ago, Says ABC

Construction input prices decreased 1.8% in July 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 decreased 1.8% for the month as well. Construction input prices are up 17.4% from…

Jillian Stengel In National, News

ABC’s Construction Backlog Indicator and Contractor Confidence Index Waver in July

Associated Builders and Contractors reported today that its Construction Backlog Indicator fell 0.2 months in July and stands at 8.7 months, according to an ABC member survey conducted July 20 to Aug. 3. The reading is up 0.2 months from July 2021. View ABC’s Construction Backlog Indicator and Construction Confidence…

Jillian Stengel In National, News

Democrats’ Reckless Reconciliation Package Will Worsen Inflation, Not Curb It

Associated Builders and Contractors today released the following statement on Senate Democrats’ “Inflation Reduction Act,” a $740 billion tax-and-spending spree scheduled to pass in a partisan political process at a time when our economy is pointed toward recession. “While the Democrats’ reconciliation proposal has undergone changes over the recent days,…