News – Page 11 – Central Electric Inspection Bureau

Investment in Structures Falls Again in Third Quarter Even as US Economy Expands, Says ABC

by Erika Walter

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WASHINGTON, Oct. 27—The U.S. economy expanded at a 2.6% annualized rate in the third quarter of 2022, according to an Associated Builders and Contractors analysis of data released today by the U.S. Bureau of Economic Analysis. Investment in nonresidential structures decreased at an annual rate of 15.3% for the quarter and has now contracted in 10 of the past 12 quarters.

ABC, Lawmakers and Industry Groups Call on President Biden to Withdraw His Inflationary PLA Mandate Policies

19Oct

by Erika Walter

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WASHINGTON, Oct. 19—Associated Builders and Contractors has submitted more than 40 pages of comments to the Federal Acquisition Regulatory Council calling on the Biden administration to withdraw a controversial proposed rule that would require anti-competitive and inflationary project labor agreements on federal construction contracts of $35 million or more.

ABC: Enhancing Inclusion Creates Needed Change in the Construction Industry

17Oct

by Erika Walter

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WASHINGTON, Oct. 17—Associated Builders and Contractors today announced its strong support of the second annual Construction Inclusion Week, which kicks off today, and the need to champion and foster inclusion, diversity and equity throughout the construction industry.

ABC: Construction Input Prices Inched Down in September; Up 41% Since February 2020

12Oct

by Erika Walter

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WASHINGTON, Oct. 12—Construction input prices dipped 0.1% in September 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 also fell 0.1% for the month.

ABC Opposes the Biden Administration’s New Independent Contractor Proposed Rule

11Oct

by Erika Walter

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WASHINGTON, Oct. 11—Associated Builders and Contractors today responded to the U.S. Department of Labor’s announcement of a proposed rule to rescind and replace a commonsense, ABC-supported final regulation on independent contractors.

ABC’s Construction Backlog Indicator Jumps in September; Contractor Confidence Remains Steady

11Oct

by Erika Walter

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WASHINGTON, Oct. 11—Associated Builders and Contractors reports today that its Construction Backlog Indicator increased to 9.0 months in September, according to an ABC member survey conducted Sept. 20 to Oct. 5. The reading is 1.4 months higher than in September 2021.

Nonresidential Construction Employment Increases By 13,000 in September, Says ABC

07Oct

by Erika Walter

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WASHINGTON, Oct. 7—The construction industry added 19,000 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. On a year-over-year basis, industry employment has risen by 292,000 jobs, or 3.9%.

ABC: Construction Job Openings Up By 54,000 in August

04Oct

by Erika Walter

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WASHINGTON, Oct. 4—The construction industry had 407,000 job openings in August, 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 54,000 last month and are up by 45,000 from the same time last year.

Nonresidential Construction Spending Down 0.4% in August, Says ABC

03Oct

by Erika Walter

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WASHINGTON, Oct. 3—National nonresidential construction spending was down 0.4% 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, nonresidential spending totaled $859.3 billion for the month.

Survey: 97% of ABC Contractors Say Biden’s Government-Mandated Project Labor Agreement Policies Would Make Federal Construction More Expensive

28Sep

by Erika Walter

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WASHINGTON, Sept. 28—According to a September 2022 survey of ABC contractor members published today, 98% oppose President Biden’s proposed rule mandating project labor agreements on federal construction projects of $35 million or more. PLA schemes needlessly increase costs and exacerbate the construction industry’s skilled labor shortage because they exclude almost nine out of 10 workers from participating in these contracts.