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From the category archives: News Releases 2017

News Releases 2017

ABC Chief Economist Predicts Stable 2018 Construction Economy

Wednesday, December 13, 2017 4:16 PM
WASHINGTON, Dec. 13—Associated Builders and Contractors (ABC) Chief Economist Anirban Basu predicts stability for the construction industry’s economy and expanding nonresidential construction spending in 2018. While construction project backlog and contractor confidence remain high heading into the new year, Basu warns there are risks to the 2018 outlook as a number of potential cost increases could come into play.
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November Construction Input Prices Expand; Year-over-Year Inflation Highest Since 2011

Tuesday, December 12, 2017 12:00 PM
WASHINGTON, Dec. 12 – Construction input prices expanded 0.7 percent in November and rose 5.6 percent on a yearly basis, the largest increase since November 2011, according to an Associated Builders and Contractors (ABC) analysis of  Bureau of Labor Statistics data released today. Nonresidential construction materials prices also expanded 0.7 percent for the month and 5.4 percent for the year. Crude petroleum prices rose 11 percent in November and are 31 percent higher than this time last year. 
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Construction Backlog Surges, Sets Record in Third Quarter, ABC Says

Monday, December 11, 2017 9:29 AM
WASHINGTON, Dec. 11—Providing more evidence of a strengthening economy, Associated Builders and Contractors’ (ABC) Construction Backlog Indicator (CBI) set a record as it expanded to 9.45 months during the third quarter of 2017, up 9.8 percent from the second quarter to the longest backlog reading in the eight-year history of the series.  CBI is up by 0.8 months, or 9.2 percent, on a year-over-year basis.
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Construction Jobs Numbers Rebound in November

Friday, December 8, 2017 1:15 PM
WASHINGTON, Dec. 8—The nation’s construction sector added 24,000 net new jobs in November, representing a 0.3 percent month-over-month increase, according to an Associated Builders and Contractors (ABC) analysis of Bureau of Labor Statistics data released today. 
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Buoyed by Healthy Economy, ABC Index Finds Contractors Upbeat

Thursday, December 7, 2017 9:58 AM
WASHINGTON, Dec. 7—The majority of commercial and industrial contractors are confident about sales growth, profits and staffing levels heading into 2018, according to the latest Associated Builders and Contractors (ABC) Construction Confidence Index (CCI). Despite rising construction labor and materials costs, 55 percent of contractors expect their profit margins to expand in the first half of 2018.
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Worker Availability Confidence Remains Low Among Florida Construction Firms

Monday, December 4, 2017 10:29 AM
WASHINGTON, Dec. 4— In its survey of Florida construction firms for the third quarter of 2017, Associated Builders and Contractors (ABC) finds the confidence to fill open positions over the next six months remains low. Continued hurricane rebuilding efforts will likely exacerbate the challenge to find enough skilled labor in Florida to meet the level of project demand. Confidence in other areas of the survey remains high.
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Construction's Contribution to U.S. Economy Highest in Seven Years

Monday, November 20, 2017 9:16 PM
According to a report released today by Associated Builders and Contractors (ABC), the private construction industry’s value added as a percentage of the nation’s real gross domestic product (GDP) rose to 4 percent in 2016, the highest level since 2009. The report also shows annual growth in real construction spending, which rose 3.5 percent in 2016. Thirty-seven states benefited from the rise in construction activity in their state, while 13 states experienced a reduction in activity.  
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Merit Shop Scorecard 2017: ABC Ranks America's Construction Business Climate by State

Thursday, November 16, 2017 11:25 AM
Associated Builders and Contractors (ABC) today released its annual update to “Building America: The Merit Shop Scorecard,” which takes stock of state policies that influence the success or failure of a free enterprise-based environment for construction companies.  
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ABC Highlights Construction Worker Shortage During National Apprenticeship Week

Wednesday, November 15, 2017 10:04 AM
Associated Builders and Contractors (ABC) commends the U.S. Department of Labor for declaring Nov. 13-19 National Apprenticeship Week. It’s the third consecutive year that business, labor, government, education and other partners are highlighting the tremendous job opportunities apprenticeships provide and the need for an infusion of Americans to pursue a skilled trade.
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ABC Elects 2018 National Chair, Other Leadership Posts

Friday, November 10, 2017 9:37 AM
During its Leadership Week Conference in Orlando Nov. 7, the Associated Builders and Contractors (ABC) Board of Directors elected George Nash to serve as the association's 2018 national chair. Tony Rader was elected to serve as the association's 2018 chair-elect. Ray Zamora was elected to serve as the association's secretary.

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