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Tuesday, May 19, 2020 9:15 AM
WASHINGTON, May 19—Associated Builders and Contractors today announced Bryan Gamble, a certified electrical contractor and instructor for the ABC Greater Tennessee Chapter, was named the 2020 Craft Instructor of the Year. Gamble will be honored during the Careers in Construction Awards at ABC Convention 2020 in Nashville, Tennessee, on Aug. 19.
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Tuesday, May 19, 2020 9:15 AM
WASHINGTON, May 19—Associated Builders and Contractors today announced Ron Cayton, general superintendent, Gaylor Electric, Charlotte, North Carolina, was named the 2020 Craft Professional of the Year. Cayton will be honored during the Careers in Construction Awards at ABC Convention 2020 in Nashville, Tennessee, on Aug. 19.
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Tuesday, May 19, 2020 9:15 AM
WASHINGTON, May 19—Associated Builders and Contractors today announced Brandon Mabile, business development manager, Performance Contractors, Houston, received ABC’s 2020 Young Professional of the Year Award. Mabile will be honored during the Careers in Construction Awards at ABC Convention 2020 in Nashville, Tennessee, on August 19.
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Friday, May 15, 2020 10:47 AM
WASHINGTON, May 15—Associated Builders and Contractors Chief Economist Anirban Basu warned the economic recovery following the COVID-19 outbreak would be quite different for the nonresidential construction industry compared to previous recessions, according to an economic outlook published in Construction Executive magazine.
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Wednesday, May 13, 2020 12:15 PM
WASHINGTON, May 13—Construction input prices fell 4.4% in April from the previous month, 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 declined 4.2% for the month.
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Tuesday, May 12, 2020 4:11 PM
WASHINGTON, May 12—Today, Associated Builders and Contractors, American Institute of CPAs, National Federation of Independent Business, the S Corporation Association and four other small business advocates issued the following statement in response to the lack of clear and consistent guidance from the Department of the Treasury’s and Small Business Administration’s on the Paycheck Protection Program. The statement is also supported by the National Electrical Contractors Association, American Council of Engineering Companies and the National Association of Wholesaler-Distributors. Together, these groups represent the voice of several million small businesses.
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Tuesday, May 12, 2020 9:10 AM
WASHINGTON, May 12—Associated Builders and Contractors reported today that its Construction Backlog Indicator fell to 7.8 months in April, the series’ lowest reading since the third quarter of 2012. Based on an ABC member survey conducted April 20-May 4, the results indicate that confidence among U.S. construction industry leaders inched higher last month compared to the historically low levels observed in the March survey.
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Friday, May 8, 2020 10:58 AM
WASHINGTON, May 8—The construction industry lost 975,000 jobs on net in April, according to an Associated Builders and Contractors analysis of data released today by the U.S. Bureau of Labor Statistics. This was the largest recorded decrease in construction jobs since the government began tracking employment in 1939, despite construction remaining an essential industry in much of the nation through April.
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Friday, May 1, 2020 12:26 PM
WASHINGTON, May 1—National nonresidential construction spending fell 0.1% in March and is up 2.0% compared to the same time last year, according to an Associated Builders and Contractors analysis of data published today by the U.S. Census Bureau. On a seasonally adjusted annualized basis, spending totaled $802.6 billion for the month.
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Wednesday, April 29, 2020 11:35 AM
WASHINGTON, April 29—The U.S. economy contracted at an annualized 4.8% rate during the first quarter of 2020 as a result of the ongoing global pandemic, according to an Associated Builders and Contractors analysis of data released today by the U.S. Bureau of Economic Analysis. The decline in GDP is largely a reflection of the final three weeks of March, which devastated the economy.
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