News – Page 44 – Central Electric Inspection Bureau

Construction Contractor Confidence Remains Steady, Says ABC

by tlarkin

0

WASHINGTON, Feb. 20—Confidence among U.S. construction industry leaders held steady in December after surging in November, according to the Associated Builders and Contractors Construction Confidence Index released today. The average American contractor enters 2020 with confidence: Sales expectations, profit margins and staffing levels all remained above the growth expectations threshold, indicating a strong start to 2020.

Monthly Construction Input Prices Rise Slightly in January, Says ABC

19Feb

by Rachel O'Grady

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WASHINGTON, Feb. 19—Construction input prices rose 0.3% in January compared to December 2019 and are up 1.9% year over year, 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 were flat for the month and are up 1.8% on a year-over-year basis.

ABC’s Construction Backlog Indicator Falls to Close 2019

18Feb

by Rachel O'Grady

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WASHINGTON, Feb. 18—Associated Builders and Contractors reports today that its Construction Backlog Indicator fell to 8.4 months in December 2019, a 4.2% decline from November’s reading. This appears to be due primarily to seasonal factors.

ABC and Southwire Form Strategic Partnership to Provide Safe, Innovative Electrical Solutions

17Feb

by Rachel O'Grady

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WASHINGTON, Feb. 17—Associated Builders and Contractors and leading electrical manufacturer Southwire, headquartered in Carrollton, Georgia, today announced a strategic partnership that will provide ABC chapters and contractor members with innovative, productive electrical solutions.

Nonresidential Construction Employment Rises in January, Says ABC

07Feb

by Rachel O'Grady

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WASHINGTON, Feb. 7—The construction industry added 44,000 net new jobs in January, according to an Associated Builders and Contractors analysis of data released today by the U.S. Bureau of Labor Statistics. On a year-over-year basis, industry employment has expanded by 142,000 jobs, an increase of 1.9%.

Democrat-controlled House Caves to Big Labor by Passing PRO Act, Says ABC

07Feb

by Rachel O'Grady

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WASHINGTON, Feb. 6 — Associated Builders and Contractors Vice President of Legislative and Political Affairs Kristen Swearingen today issued the following statement on the passage of the deceptively named Protecting the Right to Organize Act, H.R. 2474, in the U.S. House of Representatives by a vote of 224 to 194:

December Construction State Unemployment Rates Down From a Year Ago, Says ABC

05Feb

by Rachel O'Grady

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WASHINGTON, Feb. 5—In December 2019, estimated not seasonally adjusted construction unemployment rates fell nationally and in 24 states, rose in 25 states and were unchanged in one state (New York) on a year-over-year basis, according to an analysis of U.S. Bureau of Labor Statistics data released today by Associated Builders and Contractors.

ABC Lauds Common-sense Regulation, Job Creation Policies in Trump’s State of the Union Speech

04Feb

by Rachel O'Grady

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WASHINGTON, Feb. 4—Associated Builders and Contractors President and Chief Executive Officer Michael D. Bellaman today issued the following statement on President Donald Trump’s State of the Union address:

Nonresidential Construction Falls Again in December, Says ABC

03Feb

by Rachel O'Grady

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WASHINGTON, Feb. 3—National nonresidential construction spending declined 1.2% in December 2019 but is up 4.4% on a year-ago basis, 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 $779.6 billion in December.

U.S. Economy Expands 2.1% in 4th Quarter; Investment in Structures Contracts, Says ABC

30Jan

by Rachel O'Grady

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WASHINGTON, Jan. 30—The U.S. economy expanded at an annualized rate of 2.1% in the fourth quarter of 2019, despite investment in structures declining at an annualized rate of 10.1%, according to an Associated Builders and Contractors analysis of data released today by the U.S. Bureau of Economic Analysis. Investment in structures contracted for three consecutive quarters and declined 4.4% during 2019.