News – Page 38 – Central Electric Inspection Bureau

ABC Honors Student Winners of 2020 Construction Management Competition

by Rachel O'Grady

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WASHINGTON, Aug. 19—Twenty-six teams of undergraduate students from colleges and universities nationwide put their construction project leadership skills to the test during Associated Builders and Contractors’ annual Construction Management Competition, held virtually for the first time this week. The four-person teams, which were assigned to complete the same construction management project, received awards in five categories.

Monthly Construction Input Prices Rise Again in July, Says ABC

11Aug

by Rachel O'Grady

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WASHINGTON, Aug. 11—Construction input prices rose 1.9% in July over 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 rose 1.8% for the month.

ABC’s Construction Backlog Indicator Down in July; Contractor Optimism Falls

11Aug

by Rachel O'Grady

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WASHINGTON, Aug. 11—Associated Builders and Contractors reported today that its Construction Backlog Indicator declined to 7.8 months in July, a decrease of 0.3 months from the June reading, according to an ABC member survey conducted from July 20 to Aug. 5. Backlog is a full month lower than in July 2019.

Nonresidential Construction Employment Falls in July Due to Project Cancellations and Postponements, Says ABC

07Aug

by Rachel O'Grady

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WASHINGTON, Aug. 7—The construction industry added 20,000 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. During the last three months, the industry has added 639,000 jobs, recovering roughly 59% of the jobs lost since the start of the pandemic-induced recession.

ABC’s Construction Executive Names The Top 50 Construction Accounting Firms

04Aug

by Rachel O'Grady

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WASHINGTON, Aug. 4—Construction Executive magazine, published by Associated Builders and Contractors, today announced The Top 50 Construction Accounting Firms™ in the United States, which will be published in the magazine’s 200^th July/August 2020 edition. The list also includes the top 10 construction accounting firms ranked by the total number of construction CPAs, percentage of revenue from construction, total number of employees with a certified construction industry financial professional certification and number of U.S. offices.

Nonresidential Construction Spending Falls Slightly in June, Says ABC

03Aug

by Rachel O'Grady

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WASHINGTON, Aug. 3—National nonresidential construction spending declined 0.2% in June, 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 $812.9 billion for the month.

Construction Output Drops Significantly Due to COVID-19, Says ABC

30Jul

by Rachel O'Grady

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WASHINGTON, July 30—The U.S. economy contracted at an annualized rate of 32.9% during the second quarter of 2020, according to an Associated Builders and Contractors analysis of data released today by the U.S. Bureau of Economic Analysis. Nonresidential and residential fixed investment contracted by 27.0 and 38.7%, respectively, while investment in nonresidential fixed structures contracted by 34.9%.

NEPA Rule Will Eliminate Unnecessary Delays, Reduce Costs for Construction Sector, Says ABC

15Jul

by Rachel O'Grady

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WASHINGTON, July 15—Associated Builders and Contractors Vice President of Legislative & Political Affairs Kristen Swearingen issued the following statement on the final National Environmental Policy Act rule, which was released today:

ABC’s Construction Backlog Indicator Up in June; Contractor Optimism Grows

14Jul

by Rachel O'Grady

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WASHINGTON, July 14—Associated Builders and Contractors reported today that its Construction Backlog Indicator rose to 8.1 months in June, an increase of 0.2 months from May’s reading. CBI is down approximately 8% from its June 2019 level. Every region except the Middle States experienced an increase in backlog in June compared to May, according to an ABC member survey conducted from June 20-July 1.

Monthly Construction Input Prices Rise in June, Says ABC

10Jul

by Rachel O'Grady

0

WASHINGTON, July 10—Construction input prices rose 2.2% in June, 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 rose by 2.3% for the month.