News – Page 26 – Central Electric Inspection Bureau

ABC’s Construction Backlog Indicator Plummets in August; Contractor Confidence Down

by Erika Walter

0

WASHINGTON, Sept. 14—Associated Builders and Contractors reports today that its Construction Backlog Indicator fell sharply to 7.7 months in August, according to an ABC member survey conducted Aug. 19 to Sep.1. The reading is down 0.8 months from July 2021 and down 0.3 months from August 2020.

Monthly Construction Input Prices Inch Lower in August, But Are Still Elevated Year Over Year, Says ABC

10Sep

by Erika Walter

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WASHINGTON, Sept. 10—Construction input prices declined 0.6% in August 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 fell 0.4% for the month.

ABC and Procore Announce Partnership to Provide Construction Management Solutions for ABC Members

09Sep

by Erika Walter

0

WASHINGTON, Sept. 9—Associated Builders and Contractors and Procore Technologies, Inc. (NYSE: PCOR), a leading provider of construction management software, today announced a partnership that provides ABC chapters and members exclusive discounted pricing on their new purchases of Procore products and services.

Nonresidential Construction Loses 20,300 Jobs in August, Says ABC

03Sep

by Erika Walter

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WASHINGTON, Sept. 3—The construction industry lost 3,000 jobs on net in August, according to an Associated Builders and Contractors analysis of data released today by the U.S. Bureau of Labor Statistics. Despite the monthly setback, the industry has recovered 881,000 (79.2%) of the jobs lost during earlier stages of the pandemic.

Nonresidential Construction Spending Weak in July, Says ABC

01Sep

by Erika Walter

0

WASHINGTON, Sept. 1—National nonresidential construction spending expanded 0.1% in July, 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 $786.7 billion for the month.

Construction Input Prices Up 23.1% Year-Over-Year, Says ABC

12Aug

by Erika Walter

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WASHINGTON, Aug. 12—Construction input prices rose 0.6% in July, 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 0.8% for the month.

ABC’s Construction Backlog Indicator Flat in July; Contractor Confidence Falls

10Aug

by Erika Walter

0

WASHINGTON, Aug. 10—Associated Builders and Contractors reports today that its Construction Backlog Indicator remained unchanged at 8.5 months in July, according to an ABC member survey conducted July 20-Aug. 2, up 0.7 months from July 2020.

ABC Responds to Senate Passage of Bipartisan Infrastructure Bill

06Aug

by Erika Walter

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WASHINGTON, Aug. 10—Associated Builders and Contractors today released the following statement on the Infrastructure Investment and Jobs Act, which passed the U.S. Senate today by a vote of 69 to 30. The bill would provide $550 billion in new infrastructure investments.

Nonresidential Construction Adds Only 2,900 Jobs in July, Says ABC

06Aug

by Erika Walter

0

WASHINGTON, Aug. 6—The nation’s construction industry added 11,000 jobs on net in July, 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 886,000 (79.6%) of the jobs lost during earlier stages of the pandemic.

ABC Recognizes Bipartisan Achievements in Infrastructure Bill, Cautions Against Anti-Competitive Language

02Aug

by Erika Walter

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WASHINGTON, Aug. 2—Associated Builders and Contractors today released the following statement on the 2,702-page Infrastructure Investment and Jobs Act set to pass the U.S. Senate later this week.