News - ABC New Jersey

Texas Flash Flooding Update: How You Can Help

Dear Friends, Over the July 4 weekend, Texas was hit with devastating flooding from massive rainstorms bringing widespread damage. As of the morning of July 7, more than 80 people, including at least 28 children, have tragically lost their lives due to this flash flooding, and thousands of residents have been displaced…

Andrew DeVito In Government Affairs, National, News

ABC Celebrates the One Big Beautiful Bill Becoming Law

Associated Builders and Contractors today issued the following statement after President Donald Trump signed H.R. 1, the One Big Beautiful Bill Act into law, delivering historic tax relief to the U.S. construction industry and Main Street businesses nationwide. “On this July 4, ABC celebrates Congress and the White House working…

Andrew DeVito In National, News

ABC: Construction Adds 15K Jobs in June

The construction industry added 15,000 jobs on net in June, 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 121,000 jobs, or 1.5%. Nonresidential construction employment expanded by 9,200 positions on…

Andrew DeVito In Government Affairs, National, News

ABC Applauds Senate Passage of the One Big Beautiful Bill

Associated Builders and Contractors today applauded the U.S. Senate’s passage of H.R. 1, the One Big Beautiful Bill Act, as critical legislation delivering much-needed tax relief to the U.S. construction industry and other Main Street businesses. ABC and its 67 chapters, representing more than 23,000 member companies and millions of…

Andrew DeVito In National, News

ABC: Construction Hiring Remains Sluggish in May

The construction industry had 245,000 job openings on the last day of May, 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…

Andrew DeVito In National, News

Nonresidential Construction Spending Down 0.2% in May, Says ABC

National nonresidential construction spending decreased 0.2% in May, 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 $1.237 trillion. Spending was down on a monthly basis in half of the nonresidential subcategories. Private…

Andrew DeVito In National, News

ABC: Tariffed Construction Materials Prices Rise in May

Construction input prices increased 0.2% in May 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 0.3% for the month. Overall construction input prices are 1.3% higher than a…

Andrew DeVito In National, News

ABC: Contractors’ Backlog Falls Sharply in May

Associated Builders and Contractors reported today that its Construction Backlog Indicator fell to 8.4 months in May, according to an ABC member survey conducted May 20 to June 3. The reading is up 0.1 months since May 2024. View the full Construction Backlog Indicator and Construction Confidence Index data series. While…

Andrew DeVito In National, News

ABC: Nonresidential Construction Adds 11,300 Jobs in May

The construction industry added 4,000 jobs on net in May, 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 126,000 jobs, an increase of 1.5%. Nonresidential construction employment increased by 11,300…

Andrew DeVito In National, News

ABC Extends Strategic Partnership With Fringe Benefit Group To Support Government Contractors

Associated Builders and Contractors today announced the renewal of its 12-year strategic partnership with Fringe Benefit Group, a leading provider of benefit solutions for government contractors, staffing companies, restaurants and retail outlets. The new three-year agreement reinforces ABC and FBG’s shared commitment to supporting contractors working in the prevailing wage space and…