News – Page 46 – Central Electric Inspection Bureau

ABC’s 2020 Construction Economic Forecast: Momentum Persists, Despite Uncertainties

by Rachel O'Grady

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WASHINGTON, Dec. 4—Associated Builders and Contractors Chief Economist Anirban Basu forecasts continued momentum for the construction sector next year but advised an overall “wait-and-see” approach based on leading and lagging indicators and economic uncertainties, according to a 2020 economic outlook published in Construction Executive magazine.

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

03Dec

by Rachel O'Grady

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WASHINGTON, Dec. 3—In October, estimated not seasonally adjusted construction unemployment rates increased nationally and in 34 states, fell in 13 states and were unchanged in three states 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 Spending Falls in October, Says ABC

02Dec

by Rachel O'Grady

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WASHINGTON, Dec. 2—National nonresidential construction spending fell 0.7% in October but is up 1.4% compared to the same time last 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 $776.5 billion, 2.3% lower than the cyclical peak attained in April 2019.

Construction Contractors Less Confident in September

21Nov

by tlarkin

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WASHINGTON, Nov. 21—Leaders of the U.S. construction industry remained confident through September 2019 regarding near-term prospects for sales, staffing levels and profit margins, according to the Associated Builders and Contractors' Construction Confidence Index released today. However, the level of optimism continues to dim.

ABC’s Construction Backlog Indicator Slips in September

19Nov

by Rachel O'Grady

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WASHINGTON, Nov. 19—Associated Builders and Contractors reported today that its Construction Backlog Indicator fell to 8.9 months in September 2019, down 0.1 months or 0.8% from August 2019 when CBI stood at nine months.

Construction Input Prices Unchanged in October, Says ABC

14Nov

by Rachel O'Grady

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WASHINGTON, Nov. 14 – Construction input prices remained unchanged on a monthly basis in October but are down 2.2% year-over-year, 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 0.1% for the month and are down 2.0% compared to the same time last year.

ABC Elects 2020 National Chair, Executive Committee

13Nov

by Rachel O'Grady

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SAN ANTONIO, Nov. 13―Associated Builders and Contractors’ Board of Directors elected Tim Keating, owner and president, R. C. Stevens Construction Co., to serve as the 2020 ABC national chair during the association’s annual Leadership Institute in San Antonio. Steve Klessig, vice president of architecture and engineering, Keller Inc., was elected chair-elect and Stephanie Schmidt, president, Poole Anderson Construction, was elected secretary.

ABC Highlights Value of Leading Safety Indicators During OSHA Public Meeting

08Nov

by Rachel O'Grady

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WASHINGTON, Nov. 8—Associated Builders and Contractors Vice President of Health, Safety, Environment and Workforce Development Greg Sizemore spoke at a Nov. 7 Occupational Health and Safety Administration public meeting on leading indicators for safety and health programs. In his remarks, Sizemore emphasized the importance of leading indicators as a proactive measure to prevent workplace hazards and reduce recordable incidents, resulting in improved safety and health performance.

Nonresidential Construction Spending Rebounds Slightly in September, Says ABC

01Nov

by Rachel O'Grady

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WASHINGTON, Nov.1—National nonresidential construction spending rose 0.5% in September but is down 0.9% 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 $775.6 billion, 2.4% lower than the cyclical peak in April 2019.

Nonresidential Construction Continues to Add Jobs, Says ABC

01Nov

by Rachel O'Grady

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WASHINGTON, Nov.1—The construction industry added 10,000 net new jobs in October, 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 148,000 jobs or 2%.