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 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 here. ABC construction economic releases are published according to this schedule for 2023.  

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News Releases

From monthly archives: October 2022

We are pleased to present below all posts archived in 'October 2022'. If you still can't find what you are looking for, try using the search box.

Investment in Structures Falls Again in Third Quarter Even as US Economy Expands, Says ABC

Thursday, October 27, 2022 9:52 AM

WASHINGTON, Oct. 27—The U.S. economy expanded at a 2.6% annualized rate in the third quarter of 2022, according to an Associated Builders and Contractors analysis of data released today by the U.S. Bureau of Economic Analysis. Investment in nonresidential structures decreased at an annual rate of 15.3% for the quarter and has now contracted in 10 of the past 12 quarters.

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In: Construction Economic Update, Construction Economics, News Release 2022 |

ABC, Lawmakers and Industry Groups Call on President Biden to Withdraw His Inflationary PLA Mandate Policies

Wednesday, October 19, 2022 9:00 AM

WASHINGTON, Oct. 19—Associated Builders and Contractors has submitted more than 40 pages of comments to the Federal Acquisition Regulatory Council calling on the Biden administration to withdraw a controversial proposed rule that would require anti-competitive and inflationary project labor agreements on federal construction contracts of $35 million or more.

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In: Policy, Politics and Policy, News Release 2022 |

ABC: Enhancing Inclusion Creates Needed Change in the Construction Industry

Monday, October 17, 2022 9:50 AM

WASHINGTON, Oct. 17—Associated Builders and Contractors today announced its strong support of the second annual Construction Inclusion Week, which kicks off today, and the need to champion and foster inclusion, diversity and equity throughout the construction industry.

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In: People and Awards, Workforce and Safety, News Release 2022 |

ABC: Construction Input Prices Inched Down in September; Up 41% Since February 2020

Wednesday, October 12, 2022 9:41 AM

WASHINGTON, Oct. 12—Construction input prices dipped 0.1% in September 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 also fell 0.1% for the month.

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In: Construction Economic Update, Materials Prices, Construction Technology, News Release 2022 |

ABC Opposes the Biden Administration’s New Independent Contractor Proposed Rule

Tuesday, October 11, 2022 1:40 PM

WASHINGTON, Oct. 11—Associated Builders and Contractors today responded to the U.S. Department of Labor’s announcement of a proposed rule to rescind and replace a commonsense, ABC-supported final regulation on independent contractors.

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In: Policy, Politics and Policy, News Release 2022 |

ABC’s Construction Backlog Indicator Jumps in September; Contractor Confidence Remains Steady

Tuesday, October 11, 2022 9:50 AM

WASHINGTON, Oct. 11—Associated Builders and Contractors reports today that its Construction Backlog Indicator increased to 9.0 months in September, according to an ABC member survey conducted Sept. 20 to Oct. 5. The reading is 1.4 months higher than in September 2021.

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In: Construction Economic Update, Construction Backlog Indicator, Construction Confidence Index, Construction Economics, News Release 2022 |

Nonresidential Construction Employment Increases By 13,000 in September, Says ABC

Friday, October 7, 2022 9:32 AM

WASHINGTON, Oct. 7—The construction industry added 19,000 jobs on net in September, according to an Associated Builders and Contractors analysis of data released today by the U.S. Bureau of Labor Statistics. On a year-over-year basis, industry employment has risen by 292,000 jobs, or 3.9%. 

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In: Employment, Construction Economic Update, Construction Economics, News Release 2022 |

ABC: Construction Job Openings Up By 54,000 in August

Tuesday, October 4, 2022 11:04 AM

WASHINGTON, Oct. 4—The construction industry had 407,000 job openings in August, 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 increased by 54,000 last month and are up by 45,000 from the same time last year.

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In: Construction Economic Update, Construction Economics, News Release 2022, JOLTS |

Nonresidential Construction Spending Down 0.4% in August, Says ABC

Monday, October 3, 2022 10:57 AM

WASHINGTON, Oct. 3—National nonresidential construction spending was down 0.4% in August, 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 $859.3 billion for the month.

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In: Construction Spending, Construction Economic Update, Construction Economics, News Release 2022 |