News – Page 14 – Central Electric Inspection Bureau

Nonresidential Construction Spending Falls 0.5% in June, Says ABC

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%.

Construction Job Openings Decline in May, Says ABC

06Jul

by Grace Austin

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WASHINGTON, July 6—The construction industry registered 434,000 job openings in May, according to an Associated Builders and Contractors analysis of data from the U.S. Bureau of Labor Statistics’ Job Openings and Labor Turnover Survey. The JOLTS survey defines a job opening as any unfilled position for which an employer is actively recruiting. Industry job openings decreased by 6,000 in May but are up 126,000 from the same month last year.

Nonresidential Construction Spending Slightly Dips in May, Says ABC

01Jul

by Erika Walter

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WASHINGTON, July 1—National nonresidential construction spending was down by 0.6% 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, nonresidential spending totaled $832.5 billion for the month.

ABC: Government-Registered Apprenticeship System Woefully Inadequate to Meet Construction’s Skilled Workforce Shortage

30Jun

by Erika Walter

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WASHINGTON, June 30—It would take 14 years for federal and state government-registered apprenticeship programs to educate the 650,000 workers the construction industry needs to hire just in 2022, according to an Associated Builders and Contractors analysis of U.S. Department of Labor data from 2021. DOL data indicate that the construction industry’s federal government-registered apprenticeship system produced just 24,822 completers of its four-to-five-year apprenticeship programs, and in addition, construction industry apprenticeship programs registered with state governments produced an estimated 15,000 to 20,000 completers in FY 2021.