News – Page 14 – Central Electric Inspection Bureau

ABC Urges Support for Senate Resolution That Preserves Construction Permitting Reforms, Reduces Costs and Delays

by Erika Walter

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WASHINGTON, Aug. 4—Associated Builders and Contractors Vice President of Legislative & Political Affairs Kristen Swearingen issued the following statement regarding today’s vote on a Congressional Review Act resolution introduced by Sen. Dan Sullivan, R-Alaska, to overturn the Biden administration’s National Environmental Policy Act rule:

ABC: Construction Unemployment Is Under 2% in 10 States

03Aug

by Erika Walter

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WASHINGTON, Aug. 3—The not seasonally adjusted national construction unemployment rate plunged 3.8% in June 2022 from June 2021, down from 7.5% to 3.7%. Meanwhile, all 50 states had lower unemployment rates over the same period, according to a state-by-state analysis of U.S. Bureau of Labor Statistics data released today by Associated Builders and Contractors. Ten states had an estimated construction unemployment rate under 2%; the highest unemployment rate was 6.5% in New Mexico.

Construction Job Openings Decreased by 71,000 in June; US Economy Poised to Slow, Says ABC

02Aug

by Erika Walter

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WASHINGTON, Aug. 2—The construction industry had 334,000 job openings in June, according to an Associated Builders and Contractors analysis of data from the U.S. Bureau of Labor Statistics’ Job Opening and Labor Turnover Survey. JOLTS defines a job opening as any unfilled position for which an employer is actively recruiting. Industry job openings decreased by 71,000 last month but are up 13,000 from the same time last year.

Nonresidential Construction Spending Falls 0.5% in June, Says ABC

01Aug

by Erika Walter

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WASHINGTON, Aug. 1—National nonresidential construction spending was down by 0.5% 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, nonresidential spending totaled $829.4 billion for the month.

ABC: Democrats’ Reconciliation Deal Would Plunge US Into Recession

28Jul

by Erika Walter

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WASHINGTON, July 28—Associated Builders and Contractors today released the following statement regarding the Senate Democrats’ reckless tax and spending spree.

U.S. Economy Contracts in Second Quarter, Investment in Structures Falls Again, Says ABC

28Jul

by Erika Walter

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WASHINGTON, July 28—The U.S. economy contracted at a 0.9% annualized rate in the second quarter of 2022, according to an Associated Builders and Contractors analysis of data released today by the Bureau of Economic Analysis.

ABC: Construction Materials Prices Increased in June, Up 20% From a Year Ago

14Jul

by Erika Walter

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WASHINGTON, July 14—Construction input prices increased 1.9% in June 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 1.8% for the month.

ABC to Congressional Democrats: Do Not Subject Small Businesses to Your Reckless Tax Hikes

13Jul

by Erika Walter

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WASHINGTON, July 13—Associated Builders and Contractors today urged Congressional Democrats not to raise taxes on small, individual and family-owned businesses as part of any effort to enact a partisan reconciliation bill.

ABC’s Construction Backlog Inches Lower in June; Contractor Confidence Falters

12Jul

by Erika Walter

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WASHINGTON, July 12— Associated Builders and Contractors reports today that its Construction Backlog Indicator fell 0.1 months in June and stands at 8.9 months, according to an ABC member survey conducted June 21 to July 5. The reading is up 0.4 months from June 2021.

Nonresidential Construction Employment Increases in June, Says ABC

08Jul

by Grace Austin

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WASHINGTON, July 8—The construction industry added 13,000 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. On a year-over-year basis, industry employment has risen by 292,000 jobs, an increase of 4.0%.