News – Page 45 – Central Electric Inspection Bureau

Construction Contractor Confidence Surges into 2020, Says ABC

by tlarkin

0

WASHINGTON, Jan. 23—Confidence among U.S. construction industry leaders increased in November 2019 with respect to sales, profit margins and staffing, according to the Associated Builders and Contractors Construction Confidence Index released today. Sales and profit margin expectations reached their highest levels since May 2019, while staffing expectations reached their highest level since April 2019.

ABC’s Construction Backlog Indicator Dips in November

21Jan

by Rachel O'Grady

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WASHINGTON, Jan. 21—Associated Builders and Contractors reported today that its Construction Backlog Indicator fell slightly to 8.8 months in November, a 1.5% decline from October’s reading.

Monthly Construction Input Prices Rise Slightly in December, Says ABC

15Jan

by Rachel O'Grady

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WASHINGTON, Jan. 15—Construction input prices rose 0.2% in December 2019 and are up 1.0% 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 rose 0.3% for the month and are also up 1.0% since December 2018.

Nonresidential Construction Employment Up in December, Says ABC

10Jan

by Rachel O'Grady

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WASHINGTON, Jan. 10—The construction industry added 20,000 net new jobs in December 2019, 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 151,000 jobs, an increase of 2.0%.

November Construction Unemployment Rates Rise From a Year Ago, Says ABC

06Jan

by Rachel O'Grady

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WASHINGTON, Jan. 6—In November, estimated not seasonally adjusted construction unemployment rates increased nationally and in 38 states, fell in 11 states and were unchanged in one state (Washington) 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.

Nonresidential Construction Falls in November, Says ABC

03Jan

by Rachel O'Grady

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WASHINGTON, Jan. 3—National nonresidential construction spending declined 0.3% in November but is up 5.1% year over year, 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 $781.1 billion, 1.8% lower than the cyclical peak in April 2019.

Construction Contractor Confidence Rebounds in October, Says ABC

19Dec

by Rachel O'Grady

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WASHINGTON, Dec. 19—Leaders of the U.S. construction industry regained a degree of confidence in October 2019 with respect to near-term prospects for sales and profit margins, according to the Associated Builders and Contractors' Construction Confidence Index released today. However, contractors became slightly less confident regarding their staffing levels during the next six months.

ABC’s Greg Sizemore Appointed Vice Chair, Construction Industry Alliance for Suicide Prevention

18Dec

by Rachel O'Grady

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WASHINGTON, Dec. 18—Associated Builders and Contractors announced today that Greg Sizemore, the association’s vice president of health, safety, environment and workforce development, has been appointed vice chair of the Construction Industry Alliance for Suicide Prevention. In this role, Sizemore will help support the alliance’s mission to address suicide prevention as a construction health and safety priority and reach a zero-suicide industry.

ABC’s Construction Backlog Flat in October

17Dec

by Rachel O'Grady

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WASHINGTON, Dec. 17—Associated Builders and Contractors reported today that its Construction Backlog Indicator remained virtually unchanged at 8.9 months in October, up just 0.2% from September’s reading.

Construction Input Prices Down in November, Says ABC

12Dec

by Rachel O'Grady

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WASHINGTON, Dec. 12—Construction input prices decreased 0.5% in November and are down 1.1% 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 decreased 0.4% for the month and are down 1.0% since November 2018.