The majority of commercial and industrial contractors are confident about sales growth, profits and staffing levels heading into 2018, according to the latest Associated Builders and Contractors (ABC) Construction Confidence Index (CCI). Despite rising construction labor and materials costs, 55 percent of contractors expect their profit margins to expand in the first half of 2018.
Associated Builders and Contractors
According to a report recently released by Associated Builders and Contractors (ABC), the private construction industry’s value added as a percentage of the nation’s real gross domestic product (GDP) rose to 4 percent in 2016, the highest level since 2009. The report also shows annual growth in real construction spending, which rose 3.5 percent in 2016. Thirty-seven states benefited from the rise in construction activity in their state, while 13 states experienced a reduction in activity.
Associated Builders and Contractors (ABC) reported its Construction Backlog Indicator (CBI) fell to 8.6 months during the second quarter of 2017, down 4.1 percent from the first quarter of 2017. CBI is up by 0.1 months, or 1.4 percent, on a year-over-year basis.
The national construction industry added 8,000 net new jobs on a seasonally adjusted basis in September, according to an analysis by Associated Builders and Contractors (ABC) of a recent release from the U.S. Bureau of Labor Statistics. The nonresidential sector added 11,700 jobs for the month, which means that residential construction lost several thousand jobs. Nonresidential specialty trade contractors paced the segment, adding 8,500 net new jobs on a monthly basis.
Construction input prices increased 0.3 percent in July and are up 3 percent on a year-over-year basis, according to an Associated Builders and Contractors (ABC) analysis of data released by the Bureau of Labor Statistics. Nonresidential construction input prices were in line with overall industry dynamics, increasing 0.3 percent for the month and 2.7 percent for the year.
Construction input prices remained unchanged in May, ending five consecutive months of price expansion, according to analysis of Bureau of Labor Statistics data released by Associated Builders and Contractors (ABC). Construction input prices expanded 3.4 percent on a year-over-year basis.
National construction employment added 11,000 net new jobs on a seasonally adjusted basis in May according to analysis of U.S. Bureau of Labor Statistics data released by Associated Builders and Contractors (ABC).
The Environmental Protection Agency’s (EPA) proposal to further tighten ozone standards could result in the loss of more than 45,000 construction jobs each year, slow the nation’s economy and impede vital infrastructure investments.
Associated Builders and Contractors (ABC) announced a collaboration with Synergis Engineering Design Solutions, a Platinum provider of Autodesk products, to bring BIM training to ABC contractor members to make them more productive, efficient and profitable. The training is part of a larger effort known as Project Virtual. Continue »
Are you prepared for OSHA’s Dec. 1 deadline to train employees on the new “Safety Data Sheets” (SDS)?
In 2012, OSHA enacted its Global Harmonization Standard (GHS), which included a number of significant changes to its Hazard Communication Standard (HazCom 2012). These changes affect all employers utilizing hazardous chemicals at their worksites. One of the major changes of the GHS requires employers to train their employees on the new “Safety Data Sheets” (SDS) by Dec. 1, 2013. Continue »
The Living Building Challenge is the built environment’s most rigorous performance standard. It calls for the creation of building projects that operate as cleanly, beautifully and efficiently as nature’s own architecture. Participants will gain a basic understanding of the Living Building Challenge—a philosophy, advocacy tool and certification program that addresses development at all scales. Continue »
Federal, state and municipal prevailing wage laws present a myriad of challenges and opportunities for construction contractors. In this webinar, Sam Melamed of ABC Insurance Trust, will discuss compliance principles, allowable fringe benefits and correct crediting calculations. You also will learn little-known pitfalls, tips and tricks to reduce your company’s payroll burden on prevailing wage jobs. Continue »