Tag: ABC

August 5, 2022

Anirban Basu, chief economist for ABC, said the numbers held some big surprises, but not all of them were good. “Today’s employment report was expected to show an economy not yet in recession but at least headed in that direction,” […]

August 4, 2022

The number of construction job openings fell by 71,000 in June to 334,000 from May, according to an Associated Builders and Contractors analysis of U.S. Bureau of Labor Statistics’ Job Opening and Labor Turnover Survey data. While monthly jobs declined, […]

July 18, 2022

Impacts from a rise in construction material prices are still being felt despite some recent signs of prices stabilizing, according to new analyses by the Associated General Contractors of America and the Associated Builders and Contractors. According to an analysis […]

July 12, 2022

High materials prices and skilled worker shortages are key factors coloring contractors’ expectations for the future, says the Associated Builders and Contractors in its latest confidence index. Based on surveys of nonresidential contractors and calibrated on a 0-100 scale, the […]

November 4, 2021

The U.S. commercial construction outlook is looking up, with forecasted growth of 6% in 2021, followed by another 10% uptick in 2022. The $1.2 trillion Infrastructure Investment and Jobs Act also promises to revitalize America’s aging infrastructure and stimulate the […]

September 14, 2021

Associated Builders and Contractors reports today that its Construction Backlog Indicator fell sharply to 7.7 months in August, according to an ABC member survey conducted Aug. 19 to Sep.1. The reading is down 0.8 months from July 2021 and down […]

July 13, 2021

Associated Builders and Contractors reports today that its Construction Backlog Indicator rose to 8.5 months in June, according to an ABC member survey conducted June 20-July 6, 0.5 months higher than in May 2021 and 0.4 months higher than in […]

July 1, 2021

In its first-quarter index of Construction Confidence, the Associated Builders and Contractors (ABC) found that 55% of contractors expected their sales to increase over the following six months, and only 19% thought their sales would decline in that period. They […]

June 15, 2021

Associated Builders and Contractors reports today that its Construction Backlog Indicator rose to 8.0 months in May, according to an ABC member survey conducted from May 20 to June 2, 0.1 months higher than in April 2021 and May 2020. […]

October 2, 2020

The Associated Builders and Contractors (ABC) Empire State chapter maintains that because of the Scaffold Law, general liability costs are higher in New York than in any other state and that some insurance carriers won’t even write policies for New […]

August 11, 2020

Maryland’s Howard County Council passed a bird-safe building mandate last month, the second law of its kind on the East Coast, following New York City’s legislation that passed in December. Howard County is home to hummingbirds, cardinals, woodpeckers and doves, […]

September 17, 2019

Associated Builders and Contractors reported today that its Construction Backlog Indicator fell to 8.5 months in July 2019, down 0.3 months or 2.9% from June 2019, when CBI stood at 8.8 months. “Construction backlog declined in all four major regions […]

May 10, 2019

Companies that take proactive measures to prevent jobsite safety breaches can their number of incidents by 85%, according to a new Associated Builders and Contractors study. The ABC 2019 Safety Performance Report is based on data from member contractors that […]

September 17, 2018

Associated Builders and Contractors reports that its Construction Backlog Indicator expanded to a record 9.9 months during the second quarter of 2018. Backlog is up 12.2% from the first quarter and 14% compared to the same time last year. “Construction […]

June 19, 2018

Associated Builders and Contractors (ABC) reports that its Construction Backlog Indicator (CBI) contracted to 8.8 months during the first quarter of 2018, down 9% from the prior quarter. CBI is down 2% on a year-over-year basis. “The Construction Backlog Indicator […]