News – Page 10 – Central Electric Inspection Bureau

ABC: Treasury’s Clean Energy Tax Credit Guidance Provides Almost No Clarity

by Erika Walter

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WASHINGTON, Nov. 29—Associated Builders and Contractors released the following statement responding to guidance released today by the U.S. Treasury Department and Internal Revenue Service regarding tax credits for private clean energy projects funded by the Inflation Reduction Act conditioned on compliance with prevailing wage and government-registered apprenticeship requirements.

ABC Convention 2023 Is Heading to Orlando

17Nov

by Erika Walter

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WASHINGTON, Nov. 17—Associated Builders and Contractors today announced the details of ABC Convention 2023, which will take place at the Gaylord Palms in Kissimmee, Florida, from March 15-17. ABC’s annual convention celebrates the best of the best in merit shop construction, honoring the member companies and individuals who lead the industry in representing the association’s core values.

ABC Elects 2023 National Chair, Executive Committee

16Nov

by Erika Walter

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WASHINGTON, Nov. 16—Associated Builders and Contractors today announced that its board of directors has elected Milton Graugnard, executive vice president, Cajun Industries LLC, Baton Rouge, Louisiana, as the 2023 ABC national chair of its board of directors at a board of directors meeting held in conjunction with the association’s annual Leadership Institute in Coronado, California.

Monthly Construction Input Prices Inch Higher in October, Says ABC

15Nov

by Grace Austin

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WASHINGTON, Nov. 15—Construction input prices increased 0.3% in October 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 increased 0.2% for the month.

ABC: Construction Backlog and Contractor Confidence Waver in October

15Nov

by Erika Walter

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WASHINGTON, Nov. 15—Associated Builders and Contractors reports today that its Construction Backlog Indicator declined to 8.8 months in October, according to an ABC member survey conducted Oct. 20 to Nov. 4. The reading is 0.7 months higher than in October 2021.

ABC: Inflation Reduction Act Tax Policies Undermine Taxpayer Investments in Clean Energy Construction Projects

07Nov

by Erika Walter

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WASHINGTON, Nov. 7—Associated Builders and Contractors has submitted comments to the U.S. Department of Treasury and the Internal Revenue Service regarding implementation of tax credits for clean energy construction projects funded by the Inflation Reduction Act, contingent upon new controversial prevailing wage, apprenticeship and domestic content requirements.

October Construction Employment Ticks Up by 1,000, Says ABC

04Nov

by Erika Walter

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WASHINGTON, Nov. 4—The construction industry added 1,000 jobs on net in October, 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 risen by 266,000 jobs, an increase of 3.6%.

ABC: State Construction Unemployment Is Down in 42 States From a Year Ago

03Nov

by Erika Walter

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WASHINGTON, Nov. 3—The not seasonally adjusted national construction unemployment rate dropped 1.1% in September 2022 from a year ago, down from 4.5% to 3.4%, according to a state-by-state analysis of U.S. Bureau of Labor Statistics data released today by Associated Builders and Contractors. Forty-two states had lower unemployment rates over the same period, Arkansas and Wisconsin were unchanged and six states were higher. Almost half of the states had estimated construction unemployment rates at or below 3%.

ABC Joins Lawsuit Challenging Connecticut’s Ban on ‘Captive Audience’ Meetings

01Nov

by Erika Walter

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WASHINGTON, Nov. 1—Today, Associated Builders and Contractors and ABC of Connecticut joined the U.S. Chamber of Commerce and several other organizations in filing a lawsuit in the U.S. District Court District of Connecticut challenging an unconstitutional labor law passed by the state of Connecticut.

ABC: Construction Job Openings Increased by 36,000 in September

01Nov

by Erika Walter

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WASHINGTON, Nov. 1—The construction industry had 422,000 job openings in September, 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 increased by 36,000 last month and are up 74,000 from a year ago.