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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…

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ABC Unveils AI Resource Guide for Contractors

Associated Builders and Contractors today announced it has released an artificial intelligence technology guide for the construction community, which includes definitions, construction use cases and considerations. The purpose of the guide is to provide a level of knowledge to ensure contractors can be active participants in the construction AI conversation. “ABC helps…

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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…

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