Nonresidential Fixed Investment Surges in Second Quarter, Says ABC

WASHINGTON, July 27—The U.S. economy expanded at an annualized 4.1 percent rate during the second quarter of 2018—the fastest rate of quarterly growth since the second quarter of 2014, according to an Associated Builders and Contractors analysis of U.S. Bureau of Economic Analysis data released today. Read the rest of entry »

ABC Calls for Expanding Apprenticeship Opportunities in Congressional Testimony

WASHINGTON, July 26—On behalf of Associated Builders and Contractors, Mike Holland, chief operating officer, MAREK Companies, testified today before the U.S. Senate Committee on Health, Education, Labor and Pensions about the need to modernize and expand apprenticeship opportunities in the United States. In his testimony, Holland outlined the construction industry’s workforce de Read the rest of entry »

ABC, Industry Groups Urge President Trump to Reverse Obama-era Policy on Project Labor Agreements

WASHINGTON, July 24, 2018—Associated Builders and Contractors joined a coalition of construction and business associations urging President Trump to eliminate government-mandated project labor agreements and allow all qualified contractors to compete for federal and federally assisted taxpayer-funded construction projects. Read the rest of entry »

ABC Commits to Education Goals at White House ‘Pledge to America’s Workers’ Event

WASHINGTON, July 19—Associated Builders and Contractors signed on to President Trump’s “Pledge to America’s Workers” today, committing to educating and developing at least 500,000 construction workers over the next five years. Read the rest of entry »

ABC Applauds Rescission of the DOL’s Overreaching Persuader Rule

WASHINGTON, July 17—Associated Builders and Contractors today issued the following statement in response to the U.S. Department of Labor’s announcement that it is rescinding the final persuader rule. Read the rest of entry »

ABC Predicts Stable Nonresidential Construction Sector for Remainder of Year

WASHINGTON, July 16—Associated Builders and Contractors Chief Economist Anirban Basu predicts the nonresidential construction sector will remain stable for the second half of 2018, yet warns of a potential economic downturn in 2020, according to a recent mid-year economic outlook published in Construction Executivemagazine. Read the rest of entry »

Construction Material Prices Increase Steadily in June, Says ABC

WASHINGTON, July 11—According to an Associated Builders and Contractors analysis of U.S. Bureau of Labor Statistics data released today, construction material prices rose another 0.8 percent in June and are 9.6 percent higher than they were at the same time one year ago. Read the rest of entry »

Construction Employment Retains Momentum in June, Says ABC; Unemployment Rate Increases as Labor Force Grows

WASHINGTON, July 6—The U.S. construction industry added 13,000 net new jobs in June after adding 29,000 net new jobs in May (revised upward from 25,000+), according to an analysis by the Associated Builders and Contractors of data from the U.S. Bureau of Labor Statistics. The industry has added 282,000 net new jobs during the past calendar year, a 4.1 percent increase. Read the rest of entry »

Nonresidential Construction Spending Remains Elevated in May, But Private Sector Falters, Says ABC

WASHINGTON, July 2—Nonresidential construction spending inched 0.1 percent higher on a monthly basis in May, according to an Associated Builders and Contractors analysis of U.S. Census Bureau data released today. Spending, which totaled $749 billion on a seasonally adjusted annual rate for the month, is up 3 percent from the same time last year. Read the rest of entry »

ABC and JLG Form Strategic Partnership to Advance Innovation in Construction

WASHINGTON, June 27—National construction trade association Associated Builders and Contractors and access equipment manufacturer JLG Industries Inc. today announced a strategic partnership that will help solve industry challenges with world-class education, training and equipment solutions. The announcement was made by company executives in Washington, D.C., during ABC’s Legislative Week. Read the rest of entry »