National nonresidential construction spending decreased 0.4% 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 $1.228 trillion. Spending was down on a monthly basis in 11 of the 16 nonresidential subcategories….
Associated Builders and Contractors reported today that its Construction Backlog Indicator fell to 8.4 months in October, according to a survey of its member contractors conducted Oct. 21 to Nov. 4. The reading is unchanged from October 2023. View the full Construction Backlog Indicator and Construction Confidence Index data series. Backlog…
The national September 2024 not seasonally adjusted construction unemployment rate was 3.7%, down 0.1% 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 24 states had lower construction unemployment rates over the same…
National nonresidential construction spending increased 0.1% in September, 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 $1.22 trillion. Spending was up on a monthly basis in half of the 16 nonresidential subcategories….
The construction industry added 8,000 jobs on net in October, 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 grown by 223,000 jobs, an increase of 2.8%. Nonresidential construction employment increased by 13,500…
The construction industry had 288,000 job openings on the last day of September, 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…
Associated Builders and Contractors reported today that its Construction Backlog Indicator increased to 8.6 months in September, according to an ABC member survey conducted Sept. 20 to Oct. 4. The reading is down 0.4 months from September 2023. View the full Construction Backlog Indicator and Construction Confidence Index data series. Backlog…
Construction input prices decreased 0.9% in September 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 also decreased 0.9% for the month. Prices decreased in two of the three energy…
Associated Builders and Contractors today announced the members of its fourth annual Tech Alliance—a consortium of firms that create construction technology and innovative solutions for ABC contractor members, which primarily perform work in the commercial and industrial sectors. “For four years, the companies in ABC’s Tech Alliance cohort have played…
Associated Builders and Contractors today announced it has named John Mielke as its senior director of apprenticeship. The former ABC Wisconsin chapter president will provide strategic direction, transformational leadership and innovative education solutions to ABC’s 67 chapters and 23,000 members and their apprenticeship trusts nationwide. In this key role, Mielke…
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