Tagged Posts: construction

ABC’s Construction Backlog Indicator Inches Higher in December, Contractor Confidence Improves

Associated Builders and Contractors reported today that its Construction Backlog Indicator increased to 8.6 months in December from 8.5 months in November, according to an ABC member survey conducted Dec. 20 to Jan. 4. The reading is down 0.6 months from December 2022. View ABC’s Construction Backlog Indicator and Construction Confidence Index tables for…

Jillian Stengel In Government Affairs, News

Gov. Murphy Delivers His 7th State of the State Address

On Tuesday, Governor Murphy gave his seventh State of the State address before a joint session of the State Legislature. The Governor touched on familiar topics including affordability, economic growth, healthcare, affordable housing, organized labor, infrastructure, law enforcement and gun violence. In a departure from his last State of the…

Jillian Stengel In National, News

Construction Job Openings in November Rise to Highest Level Since 2022

The construction industry had 459,000 job openings on the last day of November, 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 National, News

Nonresidential Construction Spending Dips 0.1% in November

National nonresidential construction spending decreased 0.1% in November, according to an Associated Builders and Contractors analysis of data published by the U.S. Census Bureau on Jan. 2. On a seasonally adjusted annualized basis, nonresidential spending totaled $1.143 trillion. Spending was down on a monthly basis in 11 of the 16…

Jillian Stengel

Meet the Generals Southern NJ

Be part of the annual speed networking event with some of Southern New Jersey's premier General Contractors. This isn't just a typical gathering – it's a chance to cultivate meaningful connections with key industry players, including general contractors, specialty contractors, suppliers, and associates. Seize the opportunity to enhance your business…

Jillian Stengel

Meet the Generals Northern NJ

Join us at this annual speed networking event, where Northern New Jersey's top merit shop General Contractors converge. It's not just an event; it's an opportunity to forge meaningful connections with fellow professionals, including general contractors, specialty contractors, suppliers, and associates. Unlock the potential to elevate your business as you…

Jillian Stengel In National, News

Construction Adds 2,000 Jobs in November, up 200,000 Year Over Year

The construction industry added 2,000 jobs on net in November, 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 200,000 jobs, an increase of 2.6%. Nonresidential construction employment increased by 1,400…

Jillian Stengel In National, News

Georgia Is the No. 1 State for Construction

For the first time, Georgia was named the top state for construction in Associated Builders and Contractors’ annual Merit Shop Scorecard. The scorecard, released yearly since 2015, ranks all 50 states and the District of Columbia based on policies and programs that strengthen career pathways in construction, encourage workforce development…

Jillian Stengel In Awards, News

ABC-NJ Celebrates Top Merit Shop Contractors, Projects at Awards Gala

Tonight, Associated Builders and Contractors New Jersey Chapter (ABC-NJ) proudly hosted their Excellence in Construction Awards Gala at the Berkeley Oceanfront Hotel in Asbury Park. This annual event features exceptional projects from top merit shop construction firms from across New Jersey, celebrates apprenticeship graduates and the year’s top craft instructor,…

Jillian Stengel In National, News

ABC: Construction Input Prices Decrease 1.2% in October, Driven by Lower Energy, Lumber and Steel Prices

Construction input prices declined 1.2% in October on a monthly basis, 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 fell 1.1% for the month. Construction input prices are 1.1% lower than a year ago,…