News

Construction Contractors Confidence Remains High in March

Construction industry leaders remained upbeat with respect to nonresidential construction prospects in March 2019, according to the latest Construction Confidence Index released today by Associated Builders and Contractors. All three principal components measured by...

ABC Submits Comments on DOL Overtime Proposal

On May 21, ABC submitted comments to the U.S. Department of Labor’s Wage and Hour Division on its proposal to update and revise the 2016 “white collar” overtime exemption regulations under the Fair Labor Standards Act. On March 22, 2019, DOL issued the new proposal,...

ABC’s Construction Backlog Indicator Surges in March

WASHINGTON, May 21—Associated Builders and Contractors reports that its monthly Construction Backlog Indicator expanded to 9.5 months in March 2019, up 0.7 months or 8.8% since February 2019 when CBI stood at 8.8 months. “The U.S. economy has been humming and...

OFCCP Launches Compliance Check Resource Webpage

The U.S. Department of Labor’s Office of Federal Contract Compliance Programs launched a new webpagewith resources for contractors who may undergo an OFCCP compliance check. According to the DOL website, an OFCCP compliance check is a type of compliance evaluation in...

Construction Input Prices Continue to Rise, Says ABC

Construction input prices increased 0.9% in April on a monthly basis and 2.4% compared to the same time last year, according to an Associated Builders and Contractors analysis of U.S. Bureau of Labor Statistics data released today. Nonresidential input prices rose...

Construction Job Growth Strong in April, Says ABC

The construction industry added 33,000 net new jobs in April, according to an Associated Builders and Contractors analysis of data from the U.S. Bureau of Labor Statistics released today. Compared to the same time last year, industry employment is up by 256,000 jobs,...