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ABC Applauds House Committee’s Passage of the Fair and Open Competition Act

by Grace Austin

0

Associated Builders and Contractors today applauded the U.S. House of Representatives Committee on Oversight and Accountability’s passage of the Fair and Open Competition Act, H.R. 1209. FOCA would protect federal and federally assisted construction contracts from anti-competitive and inflationary government-mandated project labor agreements and allow merit shop contractors and their skilled employees to have a fair chance at competing to win government contracts to build taxpayer-funded construction projects.

ABC’s Construction Backlog Indicator Steady in June, Contractor Confidence Down

11Jul

by Grace Austin

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WASHINGTON, July 11—Associated Builders and Contractors reported today that its Construction Backlog Indicator remained unchanged at 8.9 months in June, according to an ABC member survey conducted June 20 to July 5. The reading is unchanged from June 2022.

ABC: Members Invested $1.5 Billion in Construction Workforce Education To Upskill 1.3 Million in 2022

10Jul

by Grace Austin

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WASHINGTON, July 10—Associated Builders and Contractors member contractors invested more than $1.5 billion to provide nearly 1.3 million course attendees with craft, leadership and safety education in 2022, according to its 2023 Workforce Development Survey, down from $1.6 billion in 2021. The annual assessment quantifies the scope of ABC members’ workforce development initiatives to advance their employees’ careers in commercial and industrial construction to build the places where Americans live, work, learn, heal and play.

Construction Employment Increased by 23,000 in June, Says ABC

07Jul

by Grace Austin

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WASHINGTON, July 7—Construction industry employment increased by 23,000 in June, according to an Associated Builders and Contractors analysis of data released today by the U.S. Bureau of Labor Statistics. Industry employment has risen by 198,000 jobs since June 2022, an increase of 2.6%, to 7.947 million.

Construction Job Openings Increased by 19,000 in May to 366,000, Says ABC

06Jul

by Grace Austin

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WASHINGTON, July 6—The construction industry had 366,000 job openings on the last day of 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. JOLTS defines a job opening as any unfilled position for which an employer is actively recruiting. Industry job openings increased by 19,000 last month but are down by 26,000 from the same time last year.

Nonresidential Construction Spending Decreases in May, First Time in Nearly a Year, Says ABC

03Jul

by Grace Austin

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WASHINGTON, July 3—National nonresidential construction spending decreased 0.2% 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 $1.06 trillion.

Monthly Construction Input Prices Decrease in May, Says ABC

14Jun

by Grace Austin

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WASHINGTON, June 14—Construction input prices fell 0.6% in May compared to the previous month, according to an Associated Builders and Contractors analysis of the U.S. Bureau of Labor Statistics’ Producer Price Index data released today. Nonresidential construction input prices declined 0.5% for the month.

ABC’s Construction Backlog Indicator Holds Steady in May

13Jun

by Grace Austin

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WASHINGTON, June 13—Associated Builders and Contractors reported today that its Construction Backlog Indicator remained unchanged at 8.9 months in May, according to an ABC member survey conducted May 20 to June 7. The reading is 0.1 months lower than in May 2022.

Nonresidential Construction Employment Increases in May Despite Signs of Weakness in Economy, Says ABC

02Jun

by Grace Austin

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WASHINGTON, June 2—The construction industry added 25,000 jobs on net in May, 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 increased by 192,000 jobs, an increase of 2.5%.

Nonresidential Construction Spending Increases in April Despite Recession Fears, Says ABC

01Jun

by Grace Austin

0

WASHINGTON, June 1—National nonresidential construction spending expanded 1.9% in April, 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 $1.05 trillion.