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…
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…
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…
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…
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…
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…
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…
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…
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…
Associated Builders and Contractors reports today that its Construction Backlog Indicator increased to 9.2 months in November, according to an ABC member survey conducted Nov. 21 to Dec. 6. The reading is 0.8 months higher than in November 2021. View ABC’s Construction Backlog Indicator and Construction Confidence Index tables for…
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