News – Page 35 – Central Electric Inspection Bureau

Arizona Is the No. 1 Merit Shop Construction State, According to ABC’s 2020 Scorecard

by Erika Walter

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ABC released its 2020 Merit Shop Scorecard today, an annual ranking based on state policies and programs that encourage workforce development, strengthen career and technical education, grow careers in construction and promote fair and open competition for taxpayer-funded construction projects.

ABC’s 2021 Construction Economic Forecast: Recovery Shape Forms a ‘W,’ Recession Threat Remains

15Dec

by Rebecca Gale

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Associated Builders and Contractors' Chief Economist Anirban Basu forecasts a recession threat for the construction sector next year, but has illuminated some potential economic bright spots, such as e-commerce and Class B office space, according to a 2021 economic outlook published in Construction Executive magazine.

Monthly Construction Input Prices Decreased in November, Says ABC

11Dec

by Donna Reichle

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WASHINGTON, Dec. 11—Construction input prices fell 0.5% in November 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 fell 0.4% for the month.

ABC’s Construction Backlog Plunges in November; Contractor Optimism Falters

08Dec

by Donna Reichle

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WASHINGTON, Dec. 8—Associated Builders and Contractors reported today that its Construction Backlog Indicator declined to 7.2 months in November, a decrease of 0.5 months from October’s reading, according to an ABC member survey conducted from Nov. 20 to Dec. 2. Backlog is 1.7 months lower than in November 2019.

Nonresidential Construction Employment Expands in November, Says ABC

04Dec

by Donna Reichle

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WASHINGTON, Dec. 4—The construction industry added 27,000 net new jobs in November, according to an Associated Builders and Contractors analysis of data released today by the U.S. Bureau of Labor Statistics. During the last seven months, the industry has added 804,000 jobs, recovering 74% of the losses incurred during earlier stages of the pandemic.

Construction Unemployment Rates Down in 20 States, Showing Regional Improvements in Jobs Numbers, Says ABC

03Dec

by Donna Reichle

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WASHINGTON, Dec. 3—Like most of the economy, construction, and therefore construction employment, was hit hard by the spread of COVID-19 and measures to limit the pandemic. However, construction performed better than many other occupational groups and has been relatively quick to rebound, though not back to its pre-COVID-19 levels, according to a state-by-state analysis of U.S. Bureau of Labor Statistics data released today by Associated Builders and Contractors.

Nonresidential Construction Spending Unchanged in October, Says ABC

01Dec

by Donna Reichle

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WASHINGTON, Dec. 1—National nonresidential construction spending was virtually unchanged in October, according to an Associated Builders and Contractors analysis of data published today by the U.S. Census Bureau. On a seasonally adjusted, annualized basis, spending totaled $792.4 billion for the month.

ABC Elects 2021 National Chair, Executive Committee

18Nov

by Donna Reichle

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WASHINGTON, Nov. 18―Associated Builders and Contractors’ Board of Directors elected Steve Klessig, vice president of architecture and engineering, Keller Inc., to serve as the 2020 ABC national chair during a meeting at the association’s annual Leadership Institute in Scottsdale, Arizona.

Monthly Construction Input Prices Remain Stable in October, Says ABC

13Nov

by Donna Reichle

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WASHINGTON, Nov. 13—Construction input prices remained virtually unchanged in October 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 also remained unchanged for the month.

ABC’s Construction Backlog Indicator Rebounds in October; Contractor Optimism Rises

10Nov

by Donna Reichle

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WASHINGTON, Nov. 10— Associated Builders and Contractors reported today that its Construction Backlog Indicator rebounded to 7.7 months in October, an increase of 0.2 months from September’s reading, according to an ABC member survey conducted from Oct. 20 to Nov. 5. Backlog is 1.2 months lower than in October 2019.