News – Page 25 – Central Electric Inspection Bureau

Nonresidential Construction Spending Contracts 0.6% in September, Says ABC

by Erika Walter

0

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

0

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.

ABC Announces New Chief Editor of Construction Executive Magazine

27Oct

by Erika Walter

0

WASHINGTON, Oct. 27—Associated Builders and Contractors today announced that it has hired Christopher Durso as the new editor-in-chief of Construction Executive, the magazine for the business of construction.

Report: Nonunion Workers Suffer Up to 34% in Wage Theft Under Government-Mandated Project Labor Agreements

22Oct

by Erika Walter

0

WASHINGTON, Oct. 22—Associated Builders and Contractors today calls attention to a new a report that highlights the negative economic impact of controversial government-mandated project labor agreements on nonunion construction workers, who comprise 87.3% of the construction industry workforce. The study found that the limited number of nonunion craft professionals permitted to work on construction projects subject to a government-mandated PLA suffer an estimated 34% reduction in wages and benefits.

Construction Inclusion Week Will Build Stronger Diversity Strategies, Says ABC

18Oct

by Erika Walter

0

WASHINGTON, Oct. 18—Associated Builders and Contractors today released the following statement about the importance of Construction Inclusion Week, which runs Oct. 18-22.

Input Prices Decline in September but Remain Higher on a Yearly Basis, Says ABC

14Oct

by Erika Walter

0

WASHINGTON, Oct. 14—Construction input prices declined 0.5% in September, 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 fell 0.4% for the month.

ABC’s Construction Backlog Indicator Inches Lower in September; Contractor Confidence Down for Second Consecutive Month

12Oct

by Erika Walter

0

WASHINGTON, Oct. 12—Associated Builders and Contractors reports today that its Construction Backlog Indicator fell to 7.6 months in September, according to an ABC member survey conducted Sept. 20-Oct. 4. The reading is down 0.1 months from August 2021, but up 0.1 months from September 2020.

Nonresidential Construction Employment Rises Slightly in September, Says ABC

08Oct

by Erika Walter

0

WASHINGTON, Oct. 8—The construction industry added 22,000 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. Overall, the industry has recovered 912,000 (81.9%) of the jobs lost during earlier stages of the pandemic.

ABC Announces 2021-2022 Tech Alliance Members

05Oct

by Erika Walter

0

WASHINGTON, Oct. 5—Associated Builders and Contractors today announced the members of its second annual Tech Alliance—a consortium of firms that create construction technology and innovative solutions for ABC contractor members, the majority of which primarily perform work in the industrial and commercial sectors. Consisting of 15 companies, the Tech Alliance will leverage technology solutions to help ABC members develop people, win work and deliver work safely, ethically and profitably for the betterment of the communities in which they work.

Nonresidential Construction Spending Dips in August, Says ABC

01Oct

by Erika Walter

0

WASHINGTON, Oct. 1—National nonresidential construction spending fell 0.4% in August, according to an Associated Builders and Contractors analysis of data published today by the U.S. Census Bureau. Nonresidential spending totaled $788.6 billion in August on a seasonally adjusted annualized basis, down 3.0% from August 2020.