Thursday, December 1, 2022 11:08 AM
WASHINGTON, Dec. 1—National nonresidential construction spending was down by 0.3% in October, according to an Associated Builders and Contractors analysis of data published today by the U.S. Census Bureau. On a seasonally adjusted annualized basis, nonresidential spending totaled $898.4 billion for the month.
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Wednesday, November 30, 2022 10:50 AM
WASHINGTON, Nov. 30—The construction industry had 371,000 job openings in October, according to an Associated Builders and Contractors analysis of data from the U.S. Bureau of Labor Statistics’ Job Openings and Labor Turnover Survey. JOLTS defines a job opening as any unfilled position for which an employer is actively recruiting. Industry job openings decreased by 52,000 last month and are down 21,000 from the same time last year.
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Tuesday, November 29, 2022 7:23 PM
WASHINGTON, Nov. 29—Associated Builders and Contractors released the following statement responding to guidance released today by the U.S. Treasury Department and Internal Revenue Service regarding tax credits for private clean energy projects funded by the Inflation Reduction Act conditioned on compliance with prevailing wage and government-registered apprenticeship requirements.
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Thursday, November 17, 2022 9:55 AM
WASHINGTON, Nov. 17—Associated Builders and Contractors today announced the details of ABC Convention 2023, which will take place at the Gaylord Palms in Kissimmee, Florida, from March 15-17. ABC’s annual convention celebrates the best of the best in merit shop construction, honoring the member companies and individuals who lead the industry in representing the association’s core values.
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Wednesday, November 16, 2022 11:36 AM
WASHINGTON, Nov. 16—Associated Builders and Contractors today announced that Milton Graugnard, executive vice president, Cajun Industries LLC, Baton Rouge, Louisiana, was elected the 2023 ABC national chair at a board of directors meeting held in conjunction with the association’s annual Leadership Institute in Coronado, California.
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Tuesday, November 15, 2022 11:27 AM
WASHINGTON, Nov. 15—Construction input prices increased 0.3% in October compared to 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 increased 0.2% for the month.
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Tuesday, November 15, 2022 8:25 AM
WASHINGTON, Nov. 15—Associated Builders and Contractors reports today that its Construction Backlog Indicator declined to 8.8 months in October, according to an ABC member survey conducted Oct. 20 to Nov. 4. The reading is 0.7 months higher than in October 2021.
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Monday, November 7, 2022 8:05 AM
WASHINGTON, Nov. 7—Associated Builders and Contractors has submitted comments to the U.S. Department of Treasury and the Internal Revenue Service regarding implementation of tax credits for clean energy construction projects funded by the Inflation Reduction Act, contingent upon new controversial prevailing wage, apprenticeship and domestic content requirements.
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Thursday, November 3, 2022 9:55 AM
WASHINGTON, Nov. 3—The not seasonally adjusted national construction unemployment rate dropped 1.1% in September 2022 from a year ago, down from 4.5% to 3.4%, according to a state-by-state analysis of U.S. Bureau of Labor Statistics data released today by Associated Builders and Contractors. Forty-two states had lower unemployment rates over the same period, Arkansas and Wisconsin were unchanged and six states were higher. Almost half of the states had estimated construction unemployment rates at or below 3%.
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Tuesday, November 1, 2022 2:05 PM
WASHINGTON, Nov. 1—Today, Associated Builders and Contractors and ABC of Connecticut joined the U.S. Chamber of Commerce and several other organizations in filing a lawsuit in the U.S. District Court District of Connecticut challenging an unconstitutional labor law passed by the state of Connecticut.
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