News – Page 52 – Central Electric Inspection Bureau

ABC Members Invest $1.6 Billion in Workforce Development Annually, New Survey Finds

by Rachel O'Grady

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WASHINGTON, April 17—According to the results of Associated Builders and Contractors’ 2019 Workforce Development Survey, ABC members invested $1.6 billion to educate their employees in 2018, up from $1.1 billion in 2013. The 45% increase in spending resulted in nearly twice as many course attendees—more than 980,000—receiving craft, leadership and safety education to advance their careers in commercial and industrial construction.

ABC’s Construction Backlog Indicator Rebounds in February

16Apr

by Rachel O'Grady

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WASHINGTON, April 16—Associated Builders and Contractors reported today that its Construction Backlog Indicator expanded to 8.8 months in February 2019, up 0.7 months or 8.2% from January 2019, when the backlog dipped to 8.1 months.

Making Tax Deductions Permanent Will Expand Economic Growth, Says ABC

15Apr

by Rachel O'Grady

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WASHINGTON, April 15—According to Associated Builders and Contractors, the U.S. construction industry is still benefiting from the Tax Cuts and Jobs Act, which has helped small business owners grow their companies and workforce since its passage in December 2017. On Tax Day, ABC called on Congress to make the individual and pass-through small business deductions permanent—currently scheduled to sunset in 2025—and repeal the alternative minimum tax and the estate tax.

Nonresidential Construction Spending Flat in December; Public Sector Down Slightly, Says ABC

04Mar

by Donna Reichle

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WASHINGTON, March 4—National nonresidential construction spending remained virtually unchanged in December, according to Associated Builders and Contractors’ analysis of U.S. Census Bureau data released today. Nonresidential spending totaled $750.5 billion on a seasonally adjusted annualized basis in December, up 4 percent year over year.

U.S. Economic Growth Softens in Final Quarter of 2018, Says ABC

28Feb

by Rachel O'Grady

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WASHINGTON, Feb. 28—The U.S. economy grew at an annual rate of 2.6 percent in the fourth quarter of 2018, according to an Associated Builders and Contractors analysis of data published today by the U.S. Bureau of Economic Analysis. Year-over-year GDP growth was 3.1 percent, while average growth for 2018 was 2.9 percent.

Construction Contractors Lose Confidence in Q4 But Remained Upbeat Heading Into 2019, Says ABC

21Feb

by Rachel O'Grady

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WASHINGTON, Feb. 21—Construction industry leaders remained predominantly confident about the nonresidential construction sector’s prospects during the final quarter of 2018, according to the latest Construction Confidence Index released today by Associated Builders and Contractors.

ABC’s Construction Backlog Indicator Steady in Q4 2018

19Feb

by Rachel O'Grady

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WASHINGTON, Feb. 19, 2019—Associated Builders and Contractors reported today that its Construction Backlog Indicator contracted to 8.9 months during the fourth quarter of 2018, down 1.1 percent from the third quarter and 7.5 percent compared to a year ago. CBI reached a record high of 9.9 months in the second quarter of 2018 and averaged about 9.1 months throughout all four quarters of last year.

Construction Input Price Declines Carry into 2019, Says ABC

14Feb

by Rachel O'Grady

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WASHINGTON, Feb. 14—Construction input prices fell
0.7 percent on a monthly basis in January yet are up 1.6 percent year-over-year
according to an Associated Builders and Contractors analysis of U.S. Bureau of
Labor Statistics data released today. Construction input prices have declined
for three consecutive months and in four of the previous six months.

ABC Lauds Workforce Development, Infrastructure Priorities in President Trump’s State of the Union Speech

06Feb

by Rachel O'Grady

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WASHINGTON, Feb. 5—Associated Builders and Contractors President and Chief Executive Officer Michael D. Bellaman issued the following remarks on President Donald Trump’s State of the Union address.

Nonresidential Construction Spending Dips in November, Says ABC

01Feb

by Rachel O'Grady

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WASHINGTON, Feb. 1—National nonresidential construction spending declined 1 percent in November, according to an Associated Builders and Contractors analysis of U.S. Census Bureau data released today. The release of November data, originally scheduled for Jan. 3, was delayed by the partial government shutdown.