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Monday, March 25, 2019 10:31 AM
WASHINGTON, March 25—Associated Builders and Contractors lauded Kentucky Gov. Matt Bevin (R) today for signing into law the Fair and Open Competition Act (HB 135), which ensures all of Kentucky’s skilled construction workforce and qualified businesses can compete on a level playing field for contracts to build state and local public works projects.
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Friday, March 22, 2019 8:45 AM
WASHINGTON, March 22—Associated Builders and Contractors announced today that Milwaukee Tool is a platinum-level sponsor for its 2019-2021 ABC Conventions and the official tool sponsor of the National Craft Championships. An industry-leading manufacturer of heavy-duty power tools, hand tools, accessories, jobsite lighting and storage solutions, Milwaukee Tool will provide tools and safety equipment for NCC competitors.“We’re so excited to have Milwauk
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Thursday, March 21, 2019 9:37 AM
WASHINGTON, March 19—Construction industry leaders remained confident regarding the nonresidential construction sector’s prospects during the January 2019, according to the latest Construction Confidence Index released today by Associated Builders and Contractors., March 19—Construction industry leaders remained confident regarding the nonresidential construction sector’s prospects during the January 2019, according to the latest Construction Confidence Index released today by Associated Builders and Contractors.
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Wednesday, March 20, 2019 9:20 AM
WASHINGTON, March 20—Estimated January not seasonally adjusted construction unemployment rates fell nationally and in 48 states on a year-over-year basis, according to an analysis of U.S. Bureau of Labor Statistics data released today by Associated Builders and Contractors.
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Monday, March 18, 2019 8:13 PM
WASHINGTON, March 19—Associated Builders and Contractors reported today that its Construction Backlog Indicator contracted to 8.1 months during January 2019, down 0.8 months or 9.3 percent compared to 8.9 months in the fourth quarter of 2018.
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Monday, March 18, 2019 2:13 PM
WASHINGTON, March 18—Associated Builders and Contractors named the finalists today for the 2019 Craft Professional and Craft Instructor of the Year awards. The winners of both awards will be announced at the Careers in Construction Awards ceremony on March 28 during the ABC Convention 2019 in Long Beach, California.
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Wednesday, March 13, 2019 1:38 PM
WASHINGTON, March 13—National nonresidential construction spending rose 2.4 percent in January, according to an Associated Builders and Contractors analysis of U.S. Census Bureau data released today. At a seasonally adjusted annualized rate, nonresidential spending totaled $762.5 billion for the month, an increase of 4.8 percent over the previous year. Public nonresidential construction spending expanded 4.9 percent in January and private spending increased 0.8 percent. Both public and private nonresidential spending are up 8.5 percent and 2.4 percent, respectively, on a yearly basis.
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Wednesday, March 13, 2019 12:43 PM
WASHINGTON, March 13—According to an Associated Builders and Contractors analysis of U.S. Bureau of Labor Statistics data released today, construction input prices rose 0.9 percent monthly in February and 1.8 percent in the past 12 months. Inputs to nonresidential construction were up 1 percent monthly and 2.7 percent on a yearly basis. This is the first time that input prices have risen since October 2018, when prices increased by 0.5 percent.
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Friday, March 8, 2019 10:33 AM
WASHINGTON, March 8—According to an analysis by the Associated Builders and Contractors of data released today by the U.S. Bureau of Labor Statistics, the construction industry lost 31,000 net new jobs in February. Overall, nonresidential employment decreased by 20,400 net new positions compared to January, with losses split between nonresidential building (-3,000), heavy and civil engineering (-13,200) and nonresidential specialty contractors (-4,200). However, industry employment is up 223,000 jobs since February 2018, an increase of 3.1 percent.
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Wednesday, March 6, 2019 3:40 AM
WASHINGTON, Feb. 28—The U.S. economy grew at an annual rate of 2.6 percent in the fourth quarter of 2018, according to an Associated Builders and Contractors analysis of data published today by the U.S. Bureau of Economic Analysis. Year-over-year GDP growth was 3.1 percent, while average growth for 2018 was 2.9 percent.
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