News
ABC’s 2020 Construction Economic Forecast: Momentum Persists, Despite Uncertainties
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...
October Construction Unemployment Rates Rise From a Year Ago, Says ABC
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...
Nonresidential Construction Spending Falls in October, Says ABC
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...
ABC Comments on OSHA’s Beryllium Proposed Rule
PEL) and short-term (15-minute) exposure limit (STEL), and makes minor changes to the ancillary provisions of the beryllium standard that are tailored for the construction industry. OSHA’s proposed changes to the ancillary provisions include the written exposure...
ABC’s Construction Backlog Indicator Slips in September
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. “Today’s backlog reading indicates that pre-existing trends will...
Construction Contractors Less Confident in September
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....
ABC Gets Major Boost from the DOL in Effort to Help Upskill Soldiers
On Nov. 7, the U.S. Department of Labor announced a guidance letter that will provide ABC contractors working with the Department of Defense the legal clarity necessary to allow active duty soldiers onto their jobsites in order to receive on-the-job training, which...
OFCCP Issues Updated Compliance Guide for Construction Contractors
The U.S. Department of Labor’s Office of Federal Contract Compliance Programs has released an updated Technical Assistance Guide to help federal and federally assisted construction contractors and subcontractors understand their obligations under the laws enforced by...
Construction Input Prices Unchanged in October, Says ABC
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...
ABC Elects 2020 National Chair, Executive Committee
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...