Uncategorized - ABC New Jersey

Despite Tariff Impacts, ABC Contractors’ Backlog and Profit Margin Expectations Improve in April

Associated Builders and Contractors reported today that its Construction Backlog Indicator rose to a 20-month high of 8.7 months in April, according to an ABC member survey conducted April 22 to May 6. The reading is up 0.3 months since April 2024. View the full Construction Backlog Indicator and Construction…

Andrew DeVito In Uncategorized

ABC: Energy Prices Drive Construction Materials Costs 0.3% Higher in October

Construction input prices increased 0.3% in October 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 increased 0.3% for the month. Prices increased in all three energy subcategories last…

Andrew DeVito In Uncategorized

ABC Releases AI Construction Technology Report

Associated Builders and Contractors today released its fourth annual construction technology report, which focuses on the impacts of artificial intelligence in the construction industry. The report includes a case study and thought leadership from ABC’s Tech Alliance to showcase how ABC is strengthening members’ understanding of AI. “ABC contractor members and the overall…

Andrew DeVito In Uncategorized

ABC: Construction Job Openings Plummet by 71,000 in June

The construction industry had 295,000 job openings on the last day of June, 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…

Jillian Stengel In Uncategorized

Monthly Construction Input Prices Surge 1% in January

Construction input prices increased 1.0% in January compared to the previous month, according to an Associated Builders and Contractors analysis of the U.S. Bureau of Labor Statistics’ Producer Price Index data released today. Nonresidential construction input prices increased 0.9% for the month. Overall construction input prices are 0.4% higher than…

Jillian Stengel In Uncategorized

A Record 89.3% of the U.S. Construction Industry Is Not Part of a Union

According to an Associated Builders and Contractors analysis of the U.S. Bureau of Labor Statistics’ 2023 Union Members Summary released today, a historic low of 10.7% of the construction industry belongs to a union, a decline from 11.7% in 2022. BLS reports that 7.9 million construction workers were not members of a…

Jillian Stengel In Uncategorized

All State Construction Unemployment Rates Remain Under 10% in September, Led by Maryland at 0.4%

The not seasonally adjusted national construction unemployment rate was 0.4% higher in September 2023 from the previous year, up from 3.4% to 3.8%. According to a state-by-state analysis of U.S. Bureau of Labor Statistics data released today by Associated Builders and Contractors, 16 states had lower unemployment rates over the…

Jillian Stengel In Uncategorized

ABC New Jersey Applauds Local Court for Striking Down PLA Costing Taxpayers $71 Million

Associated Builders and Contractors of New Jersey today applauded a recent ruling by the Appellate Division of the New Jersey Superior Court that a commission authorized by New Jersey and Pennsylvania law to build and maintain Delaware River bridges lacked the authority to require controversial project labor agreements. “This ruling…

Jillian Stengel In Uncategorized

ABC: Employee Rights Act Essential to Protecting Workers’ Rights, Choices and Freedoms

Associated Builders and Contractors announced its strong support for the Employee Rights Act, which was introduced today in the 118th Congress by Sen. Tim Scott, R-S.C., and Rep. Rick Allen, R-Ga. With a primary objective to provide essential protections for workers’ rights, choices and freedoms, the ERA stands in stark…

Jillian Stengel In Uncategorized

Nonresidential Construction Spending Dips 0.5% in December

National nonresidential construction spending decreased by 0.5% in December, 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 $943.5 billion for the month. Spending fell on a monthly basis in 10 of the…