ABC issues news releases on the latest workforce, policy and industry issues, as well as construction-related economic data and trends. Commercial and industrial construction economic analyses include federal data on construction spending, employment, job openings, GDP and the Producer Price Index. 

In addition, ABC produces the Construction Backlog Indicator, the only economic indicator that reflects the amount of work that will be performed by commercial and industrial construction contractors in the months ahead, and the Construction Confidence Index, a diffusion index that signals construction contractors’ expectations for sales, profit margins and staffing levels. Methodology for both indicators can be found hereABC construction economic releases are published according to this schedule for 2022 and this schedule for 2023 

For media inquiries, please contact Erika Walter, ABC’s director of media relations at [email protected] or (202)905-2104 

Click here to subscribe to ABC’s news releases or here to receive ABC's weekly newsletter, Newsline

Archives

Minimize
Search by Category   

 

News Releases

From category archives: News Releases

News Releases 2018

Apprenticeships Must Be Expanded to Meet 21st Century Workforce Needs, Says ABC

Friday, May 11, 2018 9:18 AM
WASHINGTON, May 11—According to the final report of the Task Force on Apprenticeship Expansion, apprenticeship programs offer workers a career path with paid, on-the-job training and provide employers with highly trained workers, but they are insufficient to address the growing skills gap in many industries. Associated Builders and Contractors (ABC) commended the secretaries of labor, education and commerce for leading the task force comprised of representatives from industry, education and government to generate new ideas to expand the role of apprenticeships and help more individuals achieve the American Dream. The report was presented to the president in a meeting at the White House on May 10. Read the rest of entry »

Construction Employment Inches Higher in April, Says ABC; Nonresidential Segment Adds 9,000 Net Jobs

Friday, May 4, 2018 11:32 AM
WASHINGTON, May 4—Based on recently released data from the U.S. Bureau of Labor Statistics, the U.S. construction industry bounced back in April, adding 17,000 net new jobs, according to an analysis by Associated Builders and Contractors (ABC). Last month, initial estimates showed a 15,000 jobs loss, though that has since been revised upward to a loss of 10,000 jobs. During the past year, the construction industry has added 257,000 new jobs, representing a growth rate of 3.7 percent.  Read the rest of entry »

Nonresidential Construction Down in March, Says ABC; Private Sector Falters, Public Sector Unchanged

Tuesday, May 1, 2018 11:44 AM
WASHINGTON, May 1—Nonresidential construction spending declined 0.3 percent in March, according to an Associated Builders and Contractors (ABC) analysis of U.S. Census Bureau data released today. Nonresidential spending, which totaled $740.9 billion on a seasonally adjusted, annualized basis, has expanded 2.5 percent on a year-over-year basis. February’s spending estimate was revised roughly $10 billion higher, from $732.8 billion to $742.8 billion, rendering the March decline less meaningful. Read the rest of entry »

March Construction Unemployment Rates Down Year Over Year in 37 States, Says ABC

Tuesday, May 1, 2018 9:45 AM
WASHINGTON, May 1—The March 2018 not seasonally adjusted (NSA) national construction unemployment rate was down 1 percent from March 2017, and estimated construction unemployment rates also fell in 37 states on a year-over-year basis, according to an analysis of U.S. Bureau of Labor Statistics (BLS) data released today by Associated Builders and Contractors (ABC). The national unemployment rate was 7.4 percent, the lowest national March rate on record. Read the rest of entry »

Fixed Investment Retains Momentum in First Quarter of 2018, Says ABC

Friday, April 27, 2018 12:30 PM
WASHINGTON, April 27—The U.S. economy expanded at an annualized rate of 2.3 percent during the first quarter of 2018, while fixed investment increased at an annualized rate of 4.6 percent according to an Associated Builders and Contractors (ABC) analysis of today’s advanced estimate released by the U.S. Bureau of Economic Analysis. Read the rest of entry »

ABC Keystone Highlights Impact of Apprenticeship Programs in Congressional Testimony

Wednesday, April 25, 2018 2:30 PM
WASHINGTON, April 25—In testimony before a U.S. House Appropriations Subcommittee today, Associated Builders and Contractors (ABC) Keystone Chapter President and CEO David Sload, a 39-year veteran of construction workforce development, highlighted the role apprenticeship programs play in equipping workers with the skills necessary to compete in the modern economy. Read the rest of entry »

Tax Reform Enables ABC Members to Hire and Train More Construction Industry Workers

Tuesday, April 17, 2018 2:54 PM
WASHINGTON, April 17—As a result of the Tax Cuts and Jobs Act passed in December 2017, 55 percent of Associated Builders and Contractors (ABC) contractor members plan to hire more employees, and 52 percent plan to invest in workforce development, according to a recent poll. In addition, 90 percent of member companies say employees have seen an increase in their paychecks. Read the rest of entry »

ABC, USVBA Agree to Promote Veteran Construction Businesses

Monday, April 16, 2018 8:45 AM
WASHINGTON, April 18—Associated Builders and Contractors (ABC) and the U.S. Veterans Business Alliance (USVBA) recently signed a memorandum of understanding to collaborate on expanding the participation of veteran and disabled veteran businesses in the merit shop construction industry. Read the rest of entry »

Construction Material Price Expansion Continues in March, ABC Says

Tuesday, April 10, 2018 11:29 AM

WASHINGTON, April 10—Prices for inputs to construction materials expanded 0.8 percent in March and are 5.8 percent higher than at the same time one year ago, according to an Associated Builders and Contractors (ABC) analysis of U.S. Bureau of Labor Statistics data released today. Prices for nonresidential construction inputs increased 0.9 percent on a monthly basis and are up 5.6 percent year over year.

Read the rest of entry »

Construction Employment Falters in March, Says ABC; Nonresidential Segment Loses 8,200 Net Jobs

Friday, April 6, 2018 10:59 AM
WASHINGTON, April 6—The U.S. construction industry lost 15,000 jobs on net in March, according to an Associated Builders and Contractors (ABC) analysis of data from the U.S. Bureau of Labor Statistics (BLS). This represents a significant reversal from February, when the industry added a post-recession high of 65,000 net new jobs (upwardly revised from +61,000).  Read the rest of entry »