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Construction Backlog Surges, Sets Record in Third Quarter, ABC Says

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.

Construction Jobs Numbers Rebound in November

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. 

Buoyed by Healthy Economy, ABC Index Finds Contractors Upbeat

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.

Worker Availability Confidence Remains Low Among Florida Construction Firms

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.

Construction's Contribution to U.S. Economy Highest in Seven Years

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.  

ABC Urges House to Act Quickly After Senate Passes Budget, Preserving Path for Tax Reform

Michael D. Bellaman, president and CEO of Associated Builders and Contractors (ABC), today issued the following statement on the passage of a budget by the U.S. Senate:
 “This important step by the Senate keeps the process on track to produce once-in-a-generation tax reform...

Construction Input Prices Flat, but Crude Petroleum Prices Plummet in May, ABC Says

WASHINGTON, D.C., June 13—Construction input prices remained unchanged in May, ending five consecutive months of price expansion, according to analysis of  Bureau of Labor Statistics data released today by Associated Builders and Contractors. Construction input prices expanded 3.4 percent on a year-over-year basis. 

Construction Unemployment Rates Improve in 22 States

WASHINGTON, D.C., May 30—April not seasonally adjusted (NSA) construction unemployment rates were down in 22 states and unchanged in two (Arkansas and California) on a year-over-year basis, according to analysis released today by Associated Builders and Contractors (ABC). However, the national NSA construction unemployment rate of 6.3 percent was up 0.3 percent from April 2016, according to data from the U.S. Bureau of Labor Statistics (BLS).

Construction Unemployment Rates Improve in 27 States, ABC Says

WASHINGTON, D.C., May 2—March not seasonally adjusted (NSA) construction unemployment rates were down in nationally and in 27 states and unchanged in two on a year-over-year basis, according to analysis released today by Associated Builders and Contractors (ABC). The national NSA construction unemployment rate of 8.4 percent was down 0.3 percent from March 2016, according to data from the U.S. Bureau of Labor Statistics (BLS).

Construction Unemployment Rates Improve in 25 States

WASHINGTON, D.C., April 5— Construction unemployment rates were down in 25 states and unchanged in four in February on a year-over-year basis, according to analysis released today by Associated Builders and Contractors (ABC). The national not seasonally adjusted (NSA) construction unemployment rate of 8.8 percent was up 0.1 percent from February 2016, according to data from the U.S. Bureau of Labor Statistics (BLS).

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