News – Page 24 – Central Electric Inspection Bureau

Construction Input Prices See Largest Monthly Increase Since June, Says ABC

by Erika Walter

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WASHINGTON, Nov. 9—Construction input prices increased 1.5% in October, 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 1.4% for the month.

Construction Input Prices See Largest Monthly Increase Since June, Says ABC

09Nov

by Erika Walter

0

WASHINGTON, Nov. 9—Construction input prices increased 1.5% in October, 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 1.4% for the month.

ABC’s Construction Backlog Rebounds in October; Contractor Confidence in Sales and Profit Margins Falls

09Nov

by Erika Walter

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WASHINGTON, Nov. 9— Associated Builders and Contractors reports today that its Construction Backlog Indicator rose to 8.1 months in October, according to an ABC member survey conducted from Oct. 20 to Nov. 2. The reading is up 0.5 months from September 2021 and 0.4 months from October 2020.

Passage of Bipartisan Infrastructure Bill Holds Promise and Peril, Says ABC

06Nov

by Donna Reichle

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WASHINGTON, Nov. 5—Associated Builders and Contractors released the following statement on today’s passage of the Infrastructure Investment and Jobs Act in the U.S. House of Representatives.

“Passage of the bipartisan infrastructure bill creates an opportunity to effectively modernize our nation’s most critical infrastructure, and ABC and our members stand ready to do the important work to bring America’s infrastructure into the 21st century,” said Michael Bellaman, ABC president and CEO. “However, ABC remains wary of some of the bill’s exclusionary provisions and statements from the Biden administration that could restrict the eligibility of America’s workers to compete for and participate in these construction projects.

Nonresidential Construction Employment Rises in October, Says ABC

05Nov

by Donna Reichle

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The construction industry added 44,000 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. Overall, the industry has recovered 963,000, or 86.5%, of the jobs lost during earlier stages of the pandemic.

ABC Statement on OSHA COVID-19 Vaccination and Testing ETS

04Nov

by Erika Walter

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WASHINGTON, Nov. 4—Associated Builders and Contractors today released the following statement on the Occupational Safety and Health Administration’s issuance of its COVID-19 vaccination and testing Emergency Temporary Standard, which applies to employers with 100 or more employees as required by President Biden’s Path Out of the Pandemic COVID-19 Action Plan.

ABC to Congress: College Degrees Do Not Define Career Success

04Nov

by Erika Walter

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WASHINGTON, Nov. 4—Today, longtime construction industry leader, instructor and military veteran Frank Boecker testified on behalf of Associated Builders and Contractors before the U.S. House Committee on Small Business Subcommittee on Innovation, Entrepreneurship, and Workforce Development on the indispensable role that community colleges, trade schools and career and technical education programs play in the construction industry.

State Construction Unemployment Rates Down in 49 States From a Year Ago, Says ABC

03Nov

by Erika Walter

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WASHINGTON, Nov. 3—The not seasonally adjusted national construction unemployment rate dropped 2.6% in September 2021 from a year ago while 49 states had lower unemployment rates over the same period, according to state-by-state analysis of U.S. Bureau of Labor Statistics data released today by Associated Builders and Contractors. Only one state, Alaska, had a higher estimated rate than it did in September 2020.

Nonresidential Construction Spending Contracts 0.6% in September, Says ABC

01Nov

by Erika Walter

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WASHINGTON, Nov. 1—National nonresidential construction spending contracted 0.6% in September, 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 $791.2 billion for the month.

GDP Report: Investment in Nonresidential Structures Falls 7.3% in Third Quarter of 2021, Says ABC

28Oct

by Erika Walter

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WASHINGTON, Oct. 28—Investment in nonresidential structures contracted at an annual rate of 7.3% during the third quarter of 2021 and has now contracted during seven of the past eight quarters, according to an Associated Builders and Contractors analysis of data released today by the U.S. Bureau of Economic Analysis. The overall economy expanded at a 2.0% annualized rate during the third quarter of 2021.