Thursday, October 29, 2020 11:14 AM
WASHINGTON, Oct. 29—The U.S. economy expanded at an annualized rate of 33.1% during the third quarter of 2020, helping to offset a significant share of the economic loss sustained during the second quarter, according to an Associated Builders and Contractors analysis of data released today by the U.S. Bureau of Economic Analysis. Increases in personal consumption expenditures, private inventory investment and exports drove the partial rebound.
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Wednesday, October 21, 2020 11:17 AM
WASHINGTON, Oct. 21—Associated Builders and Contractors’ Free Enterprise Alliance, which educates elected officials and the public about the importance of fair and open competition, today announced it has made a million dollar issue advocacy ad buy in 25 states nationwide. The advocacy campaign, which includes digital ads and mailers, will educate constituents on the dangers of the PRO Act, highlight benefits of the Paycheck Protection Program and encourage voting in the upcoming election.
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Wednesday, October 14, 2020 10:50 AM
WASHINGTON, Oct. 14—Construction input prices increased 1.6% in September compared to the previous month, according to an Associated Builders and Contractors analysis of Producer Price Index data released today by the U.S. Bureau of Labor Statistics. Nonresidential construction input prices rose 1.4% for the month.
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Tuesday, October 13, 2020 9:35 AM
WASHINGTON, Oct. 13—Associated Builders and Contractors reported today that its Construction Backlog Indicator fell to 7.5 months in September, a decline of 0.5 months from August’s reading, according to an ABC member survey conducted Sept. 20-Oct. 6. Backlog is 1.5 months lower than in September 2019.
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Thursday, October 8, 2020 9:56 AM
WASHINGTON, Oct. 8—More than 85% of contractors have been negatively impacted by COVID-19, according to the results of an August reader survey conducted by Construction Executive magazine, which is published by Associated Builders and Contractors. Supply chain disruptions, prolonged municipal permitting processes and delayed inspections due to office closures are all factors contributing to the increased rate of postponement and/or cancellation of construction projects.
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Friday, October 2, 2020 10:48 AM
WASHINGTON, Oct. 2—The construction industry added 26,000 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. During the last five months, the industry has added 689,000 jobs, recovering approximately 64% of the jobs lost since the start of the pandemic.
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Thursday, October 1, 2020 11:26 AM
WASHINGTON, Oct. 1—National nonresidential construction spending fell 0.1% 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, spending totaled $814.3 billion for the month.
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Wednesday, September 23, 2020 11:19 AM
WASHINGTON, Sept. 23—Associated Builders and Contractors is honored to announce it has received the Pledge to America’s Workers Presidential Award, which will be presented today at a White House event. Among nine recipients, ABC was selected based on its achievements in workforce education and fulfilling its 2018 pledge to recruit and upskill at least 500,000 workers by 2023.
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Tuesday, September 15, 2020 9:35 AM
WASHINGTON, Sept. 15—Associated Builders and Contractors reported today that its Construction Backlog Indicator rebounded to 8.0 months in August, an increase of 0.2 months from July’s reading, according to an ABC member survey conducted Aug. 20-Sept. 1. The August backlog is a half-month lower than in August 2019.
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Thursday, September 10, 2020 11:50 AM
WASHINGTON, Sept. 10—Construction input prices expanded 0.6% in August over the previous month, 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 increased 0.3% for the month.
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Friday, September 4, 2020 10:45 AM
WASHINGTON, Sept. 4—Construction industry employment expanded by 16,000 jobs on net in August, according to an Associated Builders and Contractors analysis of data released today by the U.S. Bureau of Labor Statistics. Over the last four months, the industry added 658,000 jobs, recovering approximately 61% of the jobs lost during March and April.
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Tuesday, September 1, 2020 11:35 AM
WASHINGTON, Sept. 1—National nonresidential construction spending fell 1.2% in July, according to an Associated Builders and Contractors analysis of data published today by the U.S. Census Bureau. On a seasonally adjusted annualized basis, spending totaled $809.1 billion for the month.
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Friday, August 28, 2020 9:25 AM
WASHINGTON, Aug. 28—Associated Builders and Contractors is proud to announce its endorsement of President Donald J. Trump for reelection. In a letter to the president, ABC President and CEO Michael D. Bellaman and ABC 2020 National Chair Tim Keating, owner and president of R. C. Stevens Construction Co., Winter Garden, Florida, said:
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Tuesday, August 25, 2020 12:28 PM
WASHINGTON, Aug. 25—Associated Builders and Contractors today announced the launch of its inaugural Tech Alliance—a consortium of firms that create construction technology and innovative digital solutions for ABC contractor members, the majority of which are classified as small businesses and primarily perform work in the industrial and commercial sectors. Consisting of 13 companies, the Tech Alliance will leverage technology solutions to help ABC members develop people, win work and deliver work safely, ethically and profitably for the betterment of the communities in which they work.
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Wednesday, August 19, 2020 12:25 PM
WASHINGTON, Aug. 19—Twenty-six teams of undergraduate students from colleges and universities nationwide put their construction project leadership skills to the test during Associated Builders and Contractors’ annual Construction Management Competition, held virtually for the first time this week. The four-person teams, which were assigned to complete the same construction management project, received awards in five categories.
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Tuesday, August 11, 2020 10:30 AM
WASHINGTON, Aug. 11—Construction input prices rose 1.9% in July over the previous month, 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 rose 1.8% for the month.
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Tuesday, August 11, 2020 9:25 AM
WASHINGTON, Aug. 11—Associated Builders and Contractors reported today that its Construction Backlog Indicator declined to 7.8 months in July, a decrease of 0.3 months from the June reading, according to an ABC member survey conducted from July 20 to Aug. 5. Backlog is a full month lower than in July 2019.
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Friday, August 7, 2020 10:13 AM
WASHINGTON, Aug. 7—The construction industry added 20,000 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. During the last three months, the industry has added 639,000 jobs, recovering roughly 59% of the jobs lost since the start of the pandemic-induced recession.
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Tuesday, August 4, 2020 2:40 PM
WASHINGTON, Aug. 4—Construction Executive magazine, published by Associated Builders and Contractors, today announced The Top 50 Construction Accounting Firms™ in the United States, which will be published in the magazine’s 200th July/August 2020 edition. The list also includes the top 10 construction accounting firms ranked by the total number of construction CPAs, percentage of revenue from construction, total number of employees with a certified construction industry financial professional certification and number of U.S. offices.
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Monday, August 3, 2020 11:57 AM
WASHINGTON, Aug. 3—National nonresidential construction spending declined 0.2% 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, spending totaled $812.9 billion for the month.
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Thursday, July 30, 2020 10:38 AM
WASHINGTON, July 30—The U.S. economy contracted at an annualized rate of 32.9% during the second quarter of 2020, according to an Associated Builders and Contractors analysis of data released today by the U.S. Bureau of Economic Analysis. Nonresidential and residential fixed investment contracted by 27.0 and 38.7%, respectively, while investment in nonresidential fixed structures contracted by 34.9%.
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Wednesday, July 15, 2020 7:33 PM
WASHINGTON, July 15—Associated Builders and Contractors Vice President of Legislative & Political Affairs Kristen Swearingen issued the following statement on the final National Environmental Policy Act rule, which was released today:
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Tuesday, July 14, 2020 9:30 AM
WASHINGTON, July 14—Associated Builders and Contractors reported today that its Construction Backlog Indicator rose to 8.1 months in June, an increase of 0.2 months from May’s reading. CBI is down approximately 8% from its June 2019 level. Every region except the Middle States experienced an increase in backlog in June compared to May, according to an ABC member survey conducted from June 20-July 1.
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Friday, July 10, 2020 11:31 AM
WASHINGTON, July 10—Construction input prices rose 2.2% in June, 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 rose by 2.3% for the month.
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Monday, July 6, 2020 2:16 PM
WASHINGTON, July 6—Associated Builders and Contractors today announced the cancellation of ABC Convention 2020, which was scheduled for Aug. 17-19 in Nashville, Tennessee. The event, which includes the National Craft Championships, Construction Management Competition and National Excellence in Construction® Awards, was previously postponed from March due to the coronavirus pandemic.
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Thursday, July 2, 2020 11:13 AM
WASHINGTON, July 2—The construction industry added 158,000 jobs on net in June, according to an Associated Builders and Contractors analysis of data released today by the U.S. Bureau of Labor Statistics. During the last two months, the industry has added 591,000 jobs, recovering 56% of the industrywide jobs lost since the start of the pandemic.
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Wednesday, July 1, 2020 5:05 PM
WASHINGTON, July 1—Associated Builders and Contractors Vice President of Legislative & Political Affairs Kristen Swearingen today issued the following statement on the U.S. House of Representatives’ passage of H.R. 2, the Moving Forward Act, by a vote of 233 to 188:
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Wednesday, July 1, 2020 12:09 PM
WASHINGTON, July 1—National nonresidential construction spending declined 0.9% in May, according to an Associated Builders and Contractors analysis of data published today by the U.S. Census Bureau. On a seasonally adjusted annualized basis, spending totaled $812.5 billion for the month. Private nonresidential spending declined 2.4% in May and public nonresidential construction spending increased 1.2%.
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Tuesday, June 23, 2020 9:15 AM
WASHINGTON, June 23—Associated Builders and Contractors today announced it is partnering with the U.S. Chamber of Commerce on a national initiative to address inequality of opportunity.
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Thursday, June 11, 2020 6:03 PM
WASHINGTON, June 11—Associated Builders and Contractors Vice President of Health, Safety, Environment and Workforce Development Greg Sizemore and National Association of Home Builders Chief Executive Officer Jerry Howard issued the following joint statement today on the D.C. Circuit Court’s decision to reject a lawsuit brought by the AFL-CIO to compel the Occupational Safety and Health Administration to issue an “emergency temporary standard” for infectious diseases/COVID-19:
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Thursday, June 11, 2020 11:02 AM
WASHINGTON, June 11—Construction input prices rose 0.8% in May 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 rose by 0.8% for the month as well.
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Tuesday, June 9, 2020 9:10 AM
WASHINGTON, June 9—Associated Builders and Contractors reported today that its Construction Backlog Indicator rose to 7.9 months in May, an increase of less than 0.1 months from April’s reading. Furthermore, based on an ABC member survey conducted May 20-June 3, results indicate that confidence among U.S. construction industry leaders continued to rebound from the historically low levels observed in the March survey.
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Friday, June 5, 2020 10:57 AM
WASHINGTON, June 5—The construction industry added 464,000 net new jobs in May, according to an Associated Builders and Contractors analysis of data released today by the U.S. Bureau of Labor Statistics. May represented the largest monthly increase in construction jobs since the government began tracking employment in 1939, a drastic improvement from April, which recorded the industry’s largest month-over-month job loss.
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Monday, June 1, 2020 11:52 AM
WASHINGTON, June 1—National nonresidential construction spending decreased by 1.8% in April, according to an Associated Builders and Contractors analysis of data published today by the U.S. Census Bureau. On a seasonally adjusted annualized basis, spending totaled $801.8 billion for the month, a 0.9% increase from April 2019.
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Monday, June 1, 2020 9:21 AM
WASHINGTON, June 1—Associated Builders and Contractors today released its 2020 Safety Performance Report, an annual assessment that furthers the construction industry’s understanding of how to achieve world-class safety through its STEP Safety Management System. Published in conjunction with National Safety Month, the report documents the dramatic impact of using proactive safety practices to reduce recordable incidents by up to 88%, making the best-performing companies 827% safer than the U.S. Bureau of Labor Statistics industry average.
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Thursday, May 28, 2020 2:14 PM
WASHINGTON, May 28—Associated Builders and Contractors Vice President of Legislative and Political Affairs Kristen Swearingen today lauded the passage of H.R. 7010, the Paycheck Protection Flexibility Act, by the U.S. House of Representatives and urged the U.S. Senate to quickly take up the legislation:
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Thursday, May 28, 2020 10:03 AM
WASHINGTON, May 28—Associated Builders and Contractors recently launched the Safe and Healthy Construction Pledge, an industry-wide call to action to redouble construction jobsite safety commitments under new protocols due to the coronavirus outbreak. Open to all U.S. contractors and industry associations, the pledge calls for prevention, preparedness and response plans to prevent injuries and disease and safeguard total human health.
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Thursday, May 21, 2020 9:40 AM
WASHINGTON, May 21—According to the results of Associated Builders and Contractors 2020 Workforce Development Survey, ABC contractor members invested $1.5 billion on workforce development initiatives in 2019, providing craft, leadership and safety education to 1.1 million course attendees to advance their careers in commercial and industrial construction. Safety education accounted for nearly half of the total workforce investment, averaging $1,147 per employee annually.
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Tuesday, May 19, 2020 9:15 AM
WASHINGTON, May 19—Associated Builders and Contractors today announced Bryan Gamble, a certified electrical contractor and instructor for the ABC Greater Tennessee Chapter, was named the 2020 Craft Instructor of the Year. Gamble will be honored during the Careers in Construction Awards at ABC Convention 2020 in Nashville, Tennessee, on Aug. 19.
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Tuesday, May 19, 2020 9:15 AM
WASHINGTON, May 19—Associated Builders and Contractors today announced Ron Cayton, general superintendent, Gaylor Electric, Charlotte, North Carolina, was named the 2020 Craft Professional of the Year. Cayton will be honored during the Careers in Construction Awards at ABC Convention 2020 in Nashville, Tennessee, on Aug. 19.
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Tuesday, May 19, 2020 9:15 AM
WASHINGTON, May 19—Associated Builders and Contractors today announced Brandon Mabile, business development manager, Performance Contractors, Houston, received ABC’s 2020 Young Professional of the Year Award. Mabile will be honored during the Careers in Construction Awards at ABC Convention 2020 in Nashville, Tennessee, on August 19.
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Friday, May 15, 2020 10:47 AM
WASHINGTON, May 15—Associated Builders and Contractors Chief Economist Anirban Basu warned the economic recovery following the COVID-19 outbreak would be quite different for the nonresidential construction industry compared to previous recessions, according to an economic outlook published in Construction Executive magazine.
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Wednesday, May 13, 2020 12:15 PM
WASHINGTON, May 13—Construction input prices fell 4.4% in April from 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 declined 4.2% for the month.
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Tuesday, May 12, 2020 4:11 PM
WASHINGTON, May 12—Today, Associated Builders and Contractors, American Institute of CPAs, National Federation of Independent Business, the S Corporation Association and four other small business advocates issued the following statement in response to the lack of clear and consistent guidance from the Department of the Treasury’s and Small Business Administration’s on the Paycheck Protection Program. The statement is also supported by the National Electrical Contractors Association, American Council of Engineering Companies and the National Association of Wholesaler-Distributors. Together, these groups represent the voice of several million small businesses.
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Tuesday, May 12, 2020 9:10 AM
WASHINGTON, May 12—Associated Builders and Contractors reported today that its Construction Backlog Indicator fell to 7.8 months in April, the series’ lowest reading since the third quarter of 2012. Based on an ABC member survey conducted April 20-May 4, the results indicate that confidence among U.S. construction industry leaders inched higher last month compared to the historically low levels observed in the March survey.
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Friday, May 8, 2020 10:58 AM
WASHINGTON, May 8—The construction industry lost 975,000 jobs on net in April, according to an Associated Builders and Contractors analysis of data released today by the U.S. Bureau of Labor Statistics. This was the largest recorded decrease in construction jobs since the government began tracking employment in 1939, despite construction remaining an essential industry in much of the nation through April.
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Friday, May 1, 2020 12:26 PM
WASHINGTON, May 1—National nonresidential construction spending fell 0.1% in March and is up 2.0% compared to the same time last year, according to an Associated Builders and Contractors analysis of data published today by the U.S. Census Bureau. On a seasonally adjusted annualized basis, spending totaled $802.6 billion for the month.
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Wednesday, April 29, 2020 11:35 AM
WASHINGTON, April 29—The U.S. economy contracted at an annualized 4.8% rate during the first quarter of 2020 as a result of the ongoing global pandemic, according to an Associated Builders and Contractors analysis of data released today by the U.S. Bureau of Economic Analysis. The decline in GDP is largely a reflection of the final three weeks of March, which devastated the economy.
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Friday, April 24, 2020 12:40 PM
WASHINGTON, April 24—Associated Builders and Contractors Vice President of Legislative and Political Affairs Kristen Swearingen today issued the following statement on the signing of the Paycheck Protection Program and Health Care Enhancement Act, which provides additional funding for the Paycheck Protection Program:
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Thursday, April 23, 2020 9:30 AM
WASHINGTON, April 23—Confidence among U.S. construction industry leaders plummeted in response to the economic fallout associated with COVID-19, according to the Associated Builders and Contractors Construction Confidence Index released today. Readings for sales, profit margins and staffing levels expectations fell below the threshold of 50 for the first time in the history of the series, signaling expected contraction along all three dimensions. CCI is based on a survey of ABC members, which was conducted March 20-31.
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