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Friday, April 27, 2018 12:30 PM
WASHINGTON, April 27—The U.S. economy expanded at an annualized rate of 2.3 percent during the first quarter of 2018, while fixed investment increased at an annualized rate of 4.6 percent according to an Associated Builders and Contractors (ABC) analysis of today’s advanced estimate released by the U.S. Bureau of Economic Analysis.
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Wednesday, April 25, 2018 2:30 PM
WASHINGTON, April 25—In testimony before a U.S. House Appropriations Subcommittee today, Associated Builders and Contractors (ABC) Keystone Chapter President and CEO David Sload, a 39-year veteran of construction workforce development, highlighted the role apprenticeship programs play in equipping workers with the skills necessary to compete in the modern economy.
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Tuesday, April 17, 2018 2:54 PM
WASHINGTON, April 17—As a result of the Tax Cuts and Jobs Act passed in December 2017, 55 percent of Associated Builders and Contractors (ABC) contractor members plan to hire more employees, and 52 percent plan to invest in workforce development, according to a recent poll. In addition, 90 percent of member companies say employees have seen an increase in their paychecks.
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Monday, April 16, 2018 8:45 AM
WASHINGTON, April 18—Associated Builders and Contractors (ABC) and the U.S. Veterans Business Alliance (USVBA) recently signed a memorandum of understanding to collaborate on expanding the participation of veteran and disabled veteran businesses in the merit shop construction industry.
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Monday, April 16, 2018 8:30 AM
WASHINGTON, April 16—Commercial and industrial construction contractors entered 2018 with abundant confidence regarding sales and staffing levels for the next six months, according to the latest Construction Confidence Index (CCI) released by Associated Builders and Contractors (ABC). All three components surveyed—sales, profit margins and staffing levels—remained well above 50 in the diffusion index, signaling ongoing progress. But the average contractor is less confident about profit margins than they were a year ago.
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Tuesday, April 10, 2018 11:29 AM
WASHINGTON, April 10—Prices for inputs to construction materials expanded 0.8 percent in March and are 5.8 percent higher than at the same time one year ago, according to an Associated Builders and Contractors (ABC) analysis of U.S. Bureau of Labor Statistics data released today. Prices for nonresidential construction inputs increased 0.9 percent on a monthly basis and are up 5.6 percent year over year.
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Friday, April 6, 2018 10:59 AM
WASHINGTON, April 6—The U.S. construction industry lost 15,000 jobs on net in March, according to an Associated Builders and Contractors (ABC) analysis of data from the U.S. Bureau of Labor Statistics (BLS). This represents a significant reversal from February, when the industry added a post-recession high of 65,000 net new jobs (upwardly revised from +61,000).
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Monday, April 2, 2018 11:37 AM
WASHINGTON, April 2—Nonresidential construction spending inched 0.1 percent higher in February, according to an Associated Builders and Contractors (ABC) analysis of U.S. Census Bureau data released today. Nonresidential spending, which totaled $732.8 billion on a seasonally adjusted, annualized basis, has expanded 1.3 percent since February 2017.
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Thursday, March 29, 2018 4:30 PM
WASHINGTON, April 3—The February 2018 not seasonally adjusted (NSA) national construction unemployment rate was 7.8 percent, down 1 percent from February 2017 and the lowest national February rate on record, according to an analysis of U.S. Bureau of Labor Statistics (BLS) data released today by Associated Builders and Contractors (ABC). Estimated construction unemployment rates were down in 34 states on a year-over-year basis, unchanged in one state (Arizona) and up in 15 states.
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Tuesday, March 27, 2018 10:30 AM
WASHINGTON, March 26—Associated Builders and Contractors (ABC) named the nation’s top craft professional and craft instructor during ABC Convention 2018 last week in Long Beach, Calif. Richard Brown of Gaylor Electric Inc. was named 2018 Craft Professional of the Year, and William Fuller of ABC’s Greater Houston Chapter was named 2018 Craft Instructor of the Year.
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