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House Names Conferees to Reconcile Tax Reform Legislation

The U.S. Senate passed sweeping tax reform legislation on Dec. 2, overcoming a number of setbacks over the course of a long week.  The effort to win over holdouts and cobble together the necessary votes led to a number of late-breaking changes to the bill, culminating in what was essentially a party line vote, with Senator Bob Corker (R-Tenn.) as the only dissenting Republican.  Read the rest of entry »

Construction Spending Rises in October; Flat Year-Over-Year

Nonresidential construction spending rose 2.1 percent in October, totaling $717.6 billion on a seasonally adjusted basis, according to ABC’s analysis of data released by the U.S. Census Bureau. The level of spending, however, remains virtually unchanged from a year ago. Read the rest of entry »

Worker Availability Confidence Remains Low Among Florida Construction Firms

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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Tax Reform Bill Advances in U.S. Senate

On Nov. 28, The Senate Budget Committee voted to advance S.1, the Tax Cuts and Jobs Act on a party line vote of 11-10. Senators Ron Johnson (R-Wis.) and Bob Corker (R-Tenn.) voted to send the bill to the Senate floor after originally withholding their support. Read the rest of entry »

President Trump Highlights Benefits of Business Tax Cuts in Mo. Speech

On Nov. 29, President Trump delivered a strong defense of reducing the tax burden on businesses of all sizes in his “Bring Back Main Street” Speech in St. Charles, Mo. He urged Congress to push tax reform across the finish line as the U.S. Senate is expected to vote on their version of the Tax Cuts and Jobs Act this week. Read the rest of entry »

Hurricane Recovery Helps Construction Unemployment Rate Hit Lowest October Mark on Record

The not seasonally adjusted national construction unemployment rate was 4.5 percent in October, down 1.2 percent from a year ago, the U.S. Bureau of Labor Statistics reported. It was the lowest October rate on record, matching the rate in 2006, according to analysis by ABC. Further, the construction industry employed 180,000 more workers than in October 2016. Read the rest of entry »

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

The private construction industry’s value added as a percentage of the nation’s real gross domestic product rose to 4 percent in 2016, the highest level since 2009, according to ABC. 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. Read the rest of entry »

The Latest on OSHA’s Electronic Reporting Compliance Deadline

On Nov. 22, the Occupational Safety and Health Administration announced it has extended the compliance date for the electronic reporting provisions of its Electronic Injury Reporting and Anti-Retaliation final rule (also known as Improve Tracking of Workplace Injuries and Illnesses) to Dec. 15. This is a two-week extension from the Dec. 1 compliance date in the proposed rule. The final rule regarding the delay of the compliance date will be published in the Federal Register on Nov. 24. Read the rest of entry »

ABC Members: Don’t Miss Your Chance to Register for DOL’s Training on Paid Sick Leave Webinar

On Nov. 28, ABC will offer the webinar “DOL Training on Paid Sick Leave for Federal Contractors” at 2 p.m. EDT. The webinar will cover the Paid Sick Leave for Federal Contractors final rule issued by the Department of Labor’s Wage and Hour Division (WHD) on Sept. 30, 2016, which implements President Obama’s E.O. 13706.  Read the rest of entry »

Construction Input Prices Flat in October; Year-over-Year Inflation Remains

Construction input prices remained unchanged on a monthly basis in October, according to analysis of today’s Bureau of Labor Statistics release by Associated Builders and Contractors (ABC). Overall construction input prices have expanded 4.3 percent year over year, while nonresidential input prices have expanded 4.1 percent since October 2016. Crude petroleum prices rose 6.6 percent for the month and are up 7.7 percent for the year. No other input manifested significant price growth in October.

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