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 

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From monthly archives: August 2022

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

House Passage of Democrats’ Reconciliation Package Fails Job Creators and Hardworking Taxpayers

Friday, August 12, 2022 10:07 AM

WASHINGTON, Aug. 12—Associated Builders and Contractors released the following statement after the U.S. House of Representatives passed Senate Democrats’ $740 billion tax-and-spend bill.

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Monthly Construction Input Prices Decreased 2% in July, Up 17% From a Year Ago, Says ABC

Thursday, August 11, 2022 9:21 AM

WASHINGTON, Aug. 11—Construction input prices decreased 1.8% in July 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 decreased 1.8% for the month as well.

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ABC’s Construction Backlog Indicator and Contractor Confidence Index Waver in July

Tuesday, August 9, 2022 9:55 AM

WASHINGTON, August 9—Associated Builders and Contractors reported today that its Construction Backlog Indicator fell 0.2 months in July and stands at 8.7 months, according to an ABC member survey conducted July 20 to Aug. 3. The reading is up 0.2 months from July 2021.

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ABC: Democrats’ Reckless Reconciliation Package Will Worsen Inflation, Not Curb It

Saturday, August 6, 2022 6:37 PM

WASHINGTON, Aug. 6—Associated Builders and Contractors today released the following statement on Senate Democrats’ “Inflation Reduction Act,” a $740 billion tax-and-spending spree scheduled to pass in a partisan political process at a time when our economy is pointed toward recession.

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ABC: Construction Employment Increases By 32,000 in July

Friday, August 5, 2022 9:17 AM

WASHINGTON, Aug. 5—The construction industry added 32,000 jobs on net in July, 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 increased by 311,000 jobs, or 4.2%.

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ABC Urges Support for Senate Resolution That Preserves Construction Permitting Reforms, Reduces Costs and Delays

Thursday, August 4, 2022 7:55 AM

WASHINGTON, Aug. 4—Associated Builders and Contractors Vice President of Legislative & Political Affairs Kristen Swearingen issued the following statement regarding today’s vote on a Congressional Review Act resolution introduced by Sen. Dan Sullivan, R-Alaska, to overturn the Biden administration’s National Environmental Policy Act rule:

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ABC: Construction Unemployment Is Under 2% in 10 States

Wednesday, August 3, 2022 9:55 AM

WASHINGTON, Aug. 3—The not seasonally adjusted national construction unemployment rate plunged 3.8% in June 2022 from June 2021, down from 7.5% to 3.7%. Meanwhile, all 50 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. Ten states had an estimated construction unemployment rate under 2%; the highest unemployment rate was 6.5% in New Mexico.

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Construction Job Openings Decreased by 71,000 in June; US Economy Poised to Slow, Says ABC

Tuesday, August 2, 2022 11:37 AM

WASHINGTON, Aug. 2—The construction industry had 334,000 job openings in June, 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 71,000 last month but are up 13,000 from the same time last year.

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Nonresidential Construction Spending Falls 0.5% in June, Says ABC

Monday, August 1, 2022 10:42 AM

WASHINGTON, Aug. 1—National nonresidential construction spending was down by 0.5% in June, 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 $829.4 billion for the month.

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