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From the monthly archives: December 2015

We are pleased to present below all posts archived in 'December 2015'. If you still can't find what you are looking for, try using the search box.

South Records Highest Level of Construction Backlog in History

Wednesday, December 16, 2015 11:10 AM
WASHINGTON, D.C., Dec. 16 – The backlog of commercial and industrial construction projects reached 10.3 months in the South, the highest reading in the history of the Construction Backlog Indicator (CBI), according to third-quarter results announced today by Associated Builders and Contractors. Nationally CBI remained virtually unchanged at 8.5 for the quarter, although it has declined by 3.5 year-over-year, indicating that the nonresidential construction backlog has stabilized at a high level. Read the rest of entry »

Construction Material Prices Plunge in November

Friday, December 11, 2015 11:15 AM
WASHINGTON, D.C., Dec. 11- Construction input prices fell for the fifth consecutive month in November according to an analysis of the Bureau of Labor Statistics’ Producer Price Index released today by Associated Builders and Contractors (ABC). Input prices fell 0.4 percent on a monthly basis and are down 4.2 percent on a year-over-year basis. Nonresidential construction prices behaved similarly, falling 0.5 percent month-over-month and 4.6 percent year-over-year. Only two of the 11 key input prices have risen since November 2014. Read the rest of entry »

Gov. Kasich Addresses ABC Member Concerns in TeleForum

Thursday, December 10, 2015 4:20 PM
WASHINGTON, D.C., Dec. 10 – Presidential candidate Gov. John Kasich (R-Ohio) addressed and responded to questions from members of a coalition of major nationwide business groups in a TeleForum today. Kasich answered questions from members of Associated Builders and Contractors (ABC), Associated General Contractors, Business-Industry Political Action Committee, National Association of Manufacturers, National Federation of Independent Business and National Retail Federation. Read the rest of entry »

ABC Predicts Continued Growth for the Construction Industry in 2016

Monday, December 7, 2015 3:14 PM
WASHINGTON, D.C., Dec. 7 – Associated Builders and Contractors (ABC) forecasts a continued steady economic recovery for the U.S. commercial and industrial construction industries in 2016. Despite a weak global economy, the industry’s solid economic recovery in 2015 should continue in 2016, led by strong consumer spending. Read the rest of entry »

Construction Industry Leads November Jobs Report

Friday, December 4, 2015 11:29 AM
Construction employment expanded by 46,000 net new jobs in November after adding 34,000 jobs in October (revised upward by 3,000), according to an analysis of today’s employment release from the U.S. Department of Labor provided by Associated Builders and Contractors Chief Economist Anirban Basu..  Nonresidential construction employment increased by 9,300 jobs in November after adding 19,400 jobs during the prior month (revised downward from 20,100). The residential construction sector added 32,100 positions in November after adding just 8,500 jobs in October.
Read the rest of entry »

ABC to House Panel: Uncertain Tax Policies Limit Small Business Growth

Thursday, December 3, 2015 3:45 PM
WASHINGTON, D.C., Dec. 3 – Associated Builders and Contractors (ABC) member Rich Shavell, CPA, CVA, CCIFP, today told a U.S. House of Representatives subcommittee that small businesses need relief from onerous tax policies and a growing regulatory burden in order to succeed and create jobs. Shavell testified before the Subcommittee on Economic Growth, Tax and Capital Access at a hearing titled “Tax Extenders and Small Businesses as Employers of Choice.” Read the rest of entry »

Sen. Cruz Addresses ABC Member Concerns in TeleForum

Wednesday, December 2, 2015 3:40 PM
WASHINGTON, D.C., Dec. 2 – Presidential candidate Sen. Ted Cruz (R-Texas) addressed and responded to questions from members of a coalition of major nationwide business groups in a TeleForum today. Cruz answered questions from members of Associated Builders and Contractors (ABC), Associated General Contractors, Business-Industry Political Action Committee, National Association of Manufacturers, National Federation of Independent Business and National Retail Federation. Read the rest of entry »

ABC Releases Scorecard on State Policies Affecting the Construction Industry

Wednesday, December 2, 2015 11:05 AM
WASHINGTON, D.C., Dec. 2 – Associated Builders and Contractors (ABC) today launched “Building America: The Merit Shop Scorecard,” which reviews and grades state-specific information significant to the success of the commercial and industrial construction industry. The scorecard website, meritshopscorecard.org, identifies states that have created an environment where merit shop contractors are well positioned to succeed and states where strategic improvements need to be made in order to create a friendly business climate. Read the rest of entry »

October Construction Unemployment Rates Improve in 30 States from 2014

Wednesday, December 2, 2015 9:00 AM
October was another positive month for construction and construction unemployment rates around much of the country. Year-over-year, not seasonally adjusted (NSA) construction unemployment rates for the country and 30 states were lower in October this year. Year to date, construction has added 159,000 seasonally adjusted (SA) jobs throughout the country. Meanwhile, NSA jobs nationally increased by 228,000 from October 2014 to October 2015. Additionally, SA construction spending in October increased 1 percent from September according to theCensus Bureau’s Dec. 1 release. Year-to-date NSA construction spending as of October was up 10.7 percent. Read the rest of entry »

Nonresidential Spending Retains Momentum in October

Tuesday, December 1, 2015 12:31 PM
WASHINGTON, D.C., Dec. 1- Nonresidential construction spending expanded in October for the third consecutive month (September’s estimate was revised higher than August’s) according to analysis of   U.S. Census Bureau data released by Associated Builders and Contractors (ABC) today.  Nonresidential construction spending totaled $701.8 billion in October on a seasonally adjusted annualized rate, a 1 percent increase on a monthly basis and an 11 percent increase on a yearly basis. Read the rest of entry »