News - ABC New Jersey

ABC Announces Careers in Construction Award Winners

Associated Builders and Contractors today announced the winners of the 2023 ABC Construction Management Competition and the National Craft Championships. The winners were honored on the last day of ABC Convention 2023 in Orlando, Florida, on March 17. ABC Names the Winners of the 2023 Construction Management Competition ABC Names…

Jillian Stengel In National, News

Construction Materials Prices Up 0.4% in February

Construction input prices expanded 0.4% in February 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 rose 0.4% for the month. Overall construction input prices are 2.6% higher than…

Jillian Stengel In National, News

ABC’s Construction Backlog Indicator and Contractor Confidence Index Rise in February

Associated Builders and Contractors reported today that its Construction Backlog Indicator increased to 9.2 months in February, according to an ABC member survey conducted Feb. 20 to March 6. The reading is 1.2 months higher than in February 2022. View ABC’s Construction Backlog Indicator and Construction Confidence Index tables for…

Jillian Stengel In National, News

Construction Adds 24,000 Jobs in February, Says ABC

The construction industry added 24,000 jobs on net in February, 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 249,000 jobs, an increase of 3.2%. Nonresidential construction employment increased by 11,600…

Jillian Stengel In National, News

Construction Job Openings Plummet by a Shocking 240,000 in January

The construction industry reported 248,000 job openings in January, 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 actively recruiting. Industry job…

Jillian Stengel In Awards, National, News

ABC Announces Fifth Annual List of Top-Performing US Construction Contractors

WASHINGTON, March 7—Associated Builders and Contractors today released its fifth annual Top Performers publication, which lists its contractor members that build the country’s most enduring, innovative, high-quality construction projects, ranked by work hours. The No. 1 2023 ABC Top Performer by work hours is Turner Industries Group, Baton Rouge, Louisiana;…

Jillian Stengel In Government Affairs, National, News

ABC Applauds Introduction of Legislation To Promote Fair and Open Competition and Combat Anti-Competitive and Inflationary Project Labor Agreement Mandates

Associated Builders and Contractors today voiced its strong support for the Fair and Open Competition Act (H.R. 1209 / S. 537), which has been reintroduced in the 118th Congress by Sen. Todd Young, R-Ind., in the U.S. Senate, and Rep. James Comer, R-Ky., in the U.S. House of Representatives on Feb. 27.…

Jillian Stengel In National, News

ABC’s Construction Backlog Indicator Down to Start 2023; Contractor Confidence Rises

Associated Builders and Contractors reports today that its Construction Backlog Indicator declined 0.2 months to 9.0 in January, according to an ABC member survey conducted Jan. 20 to Feb. 3. The reading is 1.0 month higher than in January 2022. View ABC’s Construction Backlog Indicator and Construction Confidence Index tables…

Jillian Stengel In National, News

State Construction Unemployment Is Down in 32 States From a Year Ago

The not seasonally adjusted national construction unemployment rate dropped 0.6% in December 2022 from a year ago, down from 5% to 4.4%, according to a state-by-state analysis of U.S. Bureau of Labor Statistics data released today by Associated Builders and Contractors. Thirty-two states had lower unemployment rates over the same…

Jillian Stengel In National, News

Construction Adds 25,000 Jobs in January

The construction industry added 25,000 jobs on net in January, 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 294,000 jobs, an increase of 3.9%. Nonresidential construction employment increased by 19,300…