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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 2023 

 

From monthly archives: September 2017

We are pleased to present below all posts archived in 'September 2017'. If you still can't find what you are looking for, try using the search box.

Tax Reform Framework a Major Step Forward, Says ABC

Wednesday, September 27, 2017 12:06 PM
WASHINGTON, Sept. 27—Michael D. Bellaman, president and CEO of Associated Builders and Contractors (ABC), issued the following statement supporting the Unified Framework for Fixing Our Broken Tax Code released today by congressional and administration leaders:
 
“The tax framework released today marks a promising step forward for the first genuine reform of the tax code in a generation. Associated Builders and Contractors is encouraged by the proposal, and we strongly support the tax reform process moving forward.
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Construction Unemployment Improves in 35 States as Rate Falls to Lowest Ever for August

Wednesday, September 27, 2017 8:44 AM
WASHINGTON, Sept. 27—The not seasonally adjusted (NSA) national construction unemployment rate was 4.7 percent in August, down 0.4 percent from a year ago and the lowest August rate on record, the U.S. Bureau of Labor Statistics (BLS) reported. Unemployment rates were also down in 35 states on a year-over-year basis, according to an analysis released today by Associated Builders and Contractors (ABC). Rates rose in nine states and were unchanged in six. Further, the construction industry employed 206,000 more workers than in August 2016.

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ABC Applauds Confirmation of William Emanuel to NLRB

Monday, September 25, 2017 6:00 PM
WASHINGTON, Sept. 25--Associated Builders and Contractors (ABC) today released the following statement from Kristen Swearingen, vice president of Legislative & Political Affairs, on the confirmation of William Emanuel to serve on the National Labor Relations Board (NLRB).

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CSLB Urges Swift Passage of Save Local Business Act

Wednesday, September 13, 2017 3:10 PM
WASHINGTON, September 13—Coalition to Save Local Businesses Executive Director Michael Layman released the below statement on today’s House Education and the Workforce joint subcommittee hearing on the Save Local Business Act (H.R. 3441). Read the rest of entry »

Construction Input Price Growth Accelerates in August

Wednesday, September 13, 2017 11:11 AM
WASHINGTON, Sept. 13—Construction input prices rose 0.6 percent in August and are up 3.7 percent on a yearly basis, according to an analysis by Associated Builders and Contractors (ABC) of data released today by the Bureau of Labor Statistics. Nonresidential construction input prices behaved similarly, rising 0.6 percent for the month and 3.5 percent for the year.  
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National Construction Unemployment Rate Ticks Up to 4.9 Percent in July

Wednesday, September 6, 2017 8:30 AM
WASHINGTON, Sept. 6—The national not seasonally adjusted (NSA) construction unemployment rate was 4.9 percent in July, up 0.4 percent from a year ago, but still the third lowest July rate on record—matching the July 2001 rate, the U.S. Bureau of Labor Statistics (BLS) reported. Unemployment rates increased in 34 states on a year-over-year basis, but the construction industry employed 186,000 more workers than in July 2016, according to an analysis released today by Associated Builders and Contractors (ABC). Rates fell in 14 states and were unchanged in two.

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Nonresidential Construction Plunges Again; Public and Private Sector Down in July

Friday, September 1, 2017 12:18 PM
WASHINGTON, Sept. 1—Nonresidential construction spending fell 1.7 percent in July, totaling $688.4 billion on a seasonally adjusted, annualized basis, according to an analysis by Associated Builders and Contractors (ABC) of data released today by the U.S. Census Bureau. The absolute level of nonresidential construction spending was at its lowest point since December 2015.  
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Nonresidential Construction Job Growth Accelerates; Unemployment Falls to 4.7 Percent

Friday, September 1, 2017 10:45 AM

WASHINGTON, Sept. 1—National construction employment rebounded in August, adding 28,000 net new jobs on a seasonally adjusted basis, according to today’s release from the U.S. Bureau of Labor Statistics. It was the best month for job gains in construction since February, according to analysis by Associated Builders and Contractors (ABC). 
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