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 

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From monthly archives: April 2022

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

ABC 2022 Safety Performance Report: Top-Performing STEP Members Are Six Times Safer Than Industry Average

Friday, April 29, 2022 9:55 AM

WASHINGTON, April 29—Associated Builders and Contractors today unveiled its 2022 Safety Performance Report, an annual, comprehensive study of the impact of the STEP Safety Management System and guide to safety best practices on construction jobsites. STEP is a proven system, more than 30 years old, that enables top-performing members to achieve incident rates 645% safer than the U.S. Bureau of Labor Statistics construction industry average. The annual study is published to coincide with Construction Safety Week, May 2-6.

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GDP: U.S. Economy Contracts, Investment in Structures Down Again, Says ABC

Thursday, April 28, 2022 10:11 AM

WASHINGTON, April 28—The U.S. economy contracted at a 1.4% annualized rate during the first quarter of 2022. Investment in nonresidential structures declined at an annual rate of 0.9% during the quarter and has contracted nine of the past 10 quarters, according to an Associated Builders and Contractors analysis of data released today by the U.S. Bureau of Economic Analysis.

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ABC: State Construction Unemployment Is Down in 45 States From a Year Ago

Wednesday, April 27, 2022 9:55 AM

WASHINGTON, April 27—The not seasonally adjusted national construction unemployment rate dropped 2.6% in March 2022 from a year ago, down from 8.6% to 6%, while 45 states had lower unemployment rates over the same period, according to a state-by-state analysis of U.S. Bureau of Labor Statistics data released today by Associated Builders and Contractors. This considerable improvement occurred as cases of the omicron variant fell and many states began lifting some or all of their COVID-19 restrictions.

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18 GOP Governors to Biden: Back Off Project Labor Agreement Mandates

Tuesday, April 26, 2022 1:40 PM

WASHINGTON, April 26—Associated Builders and Contractors today applauded a letter sent to President Joe Biden by 16 Republican governors, led by Asa Hutchinson of Arkansas and Bill Lee of Tennessee, opposing the Biden administration’s policies promoting government-mandated project labor agreements on taxpayer-funded construction projects.

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NEPA Rule Will Cause Needless Delays for Small Businesses and Increase Costs for Taxpayers, Says ABC

Tuesday, April 19, 2022 8:54 AM

WASHINGTON, April 19—Associated Builders and Contractors Vice President of Regulatory, Labor and State Affairs Ben Brubeck today issued the following statement on the final National Environmental Policy Act rule.

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Construction Input Prices Up 3% in March, 24% Year Over Year, Says ABC

Wednesday, April 13, 2022 9:38 AM

WASHINGTON, April 13—Construction input prices rose 2.9% in March, according to an Associated Builders and Contractors analysis of the U.S. Bureau of Labor Statistics’ Producer Price Index data released today. Nonresidential construction input prices expanded 2.8% for the month.

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ABC: Construction Backlog Up, Contractor Confidence Down in March

Tuesday, April 12, 2022 9:50 AM

WASHINGTON, April 12—Associated Builders and Contractors reported today that its Construction Backlog Indicator increased to 8.3 months in March, according to an ABC member survey conducted Mar. 22 to April 5. The reading is up 0.5 months from March 2021.

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ABC Sends Letter to White House With 1,200 Signatures Opposing Biden’s PLA Mandate

Wednesday, April 6, 2022 12:07 PM

WASHINGTON, April 6—Today, Associated Builders and Contractors sent the White House a letter with more than 1,200 signatures from member companies and chapters representing the construction industry strongly opposing President Biden’s executive order mandating project labor agreements on federal public works projects exceeding $35 million.

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Nonresidential Construction Spending Drops Slightly in February, Says ABC

Friday, April 1, 2022 10:53 AM

WASHINGTON, April 1—National nonresidential construction spending was down 0.1% in February, 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 $844.5 billion for the month.

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Nonresidential Construction Adds 11,300 Jobs in March; Employment Now Exceeds Pre-Pandemic Levels, Says ABC

Friday, April 1, 2022 9:42 AM

WASHINGTON, April 1—The construction industry added 19,000 jobs on net in March, according to an Associated Builders and Contractors analysis of data released today by the U.S. Bureau of Labor Statistics. After 23 months of recovery, construction employment has at last exceeded pre-pandemic levels. On a year-over-year basis, industry employment has expanded by 220,000 jobs, an increase of 3.0%. 

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