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ABC issues news releases on the latest workforce, policy and industry issues, as well as construction-related economic data and trends. Commercial and industrial construction economic analyses include federal data on construction spending, employment, GDP and the Producer Price Index, as well as state-by-state construction unemployment estimates.

In addition, ABC produces the Construction Backlog Indicator, the only economic indicator that reflects the amount of work that will be performed by commercial and industrial construction contractors in the months ahead, and the Construction Confidence Index, a diffusion index that signals construction contractors’ expectations for sales, profit margins and staffing levels. ABC construction economic releases are published according to this schedule 



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News Releases

From the category archives: News Releases 2017

News Releases 2017

ABC Calls on Congress to Support Expansion of Construction Apprenticeship Programs

Wednesday, July 26, 2017 11:29 AM
WASHINGTON, July 26--Michael Bennett, vice president of the Cianbro Cos., Pittsfield, Maine, today told Congress that industry-driven training programs should play a bigger role in government efforts to close the workforce/skills gap that has left 500,000 construction jobs unfilled in the United States today. Bennett testified on behalf of Associated Builders and Contractors (ABC) before the U.S. House Committee on Education and Subcommittee on Higher Education and Workforce Development to call for support for President Trump’s recent executive order expanding apprenticeships, which would help ensure job seekers get exactly the training required for success in today’s job market.
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ABC Announces Hire of Stephen Wiltshire as Safety Director

Tuesday, July 18, 2017 2:58 PM
WASHINGTON, July 17—Associated Builders and Contractors (ABC) today announced that veteran construction safety expert Stephen M. Wiltshire has joined its 70-person staff as director of safety.
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Construction Input Prices Tick Higher in June; Crude Petroleum Prices Rebound

Thursday, July 13, 2017 11:34 AM
WASHINGTON, July 13--Construction input prices rose 0.2 percent in June, according to an analysis of Bureau of Labor Statistics data released today by Associated Builders and Contractors (ABC). This represents the sixth increase in construction input prices over the past seven months, but the overall rate of increase has been quite slow. On a year-over-year basis, construction input prices are up 2.6 percent.
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Broad Business Coalition Seeks Rollback of New Joint Employer Standard

Wednesday, July 12, 2017 11:57 AM
WASHINGTON, July 12 — Coalition to Save Local Businesses Executive Director Michael Layman released the below statement on today’s House Education and the Workforce full committee hearing exploring the impact of the NLRB’s expanded joint employer standard. Read the rest of entry »

U.S. Labor Market Resurgent in June; Construction Adds 16,000 Jobs

Monday, July 10, 2017 3:50 PM
Washington, July 10--National construction employment added 16,000 net new jobs on a seasonally adjusted basis in June, according to an analysis of data from the U.S. Bureau of Labor Statistics by Associated Builders and Contractors (ABC).  Overall construction employment expanded 3.1 percent on a year-over-year basis, easily outpacing the year-over-year growth rate of 1.6 percent for all nonfarm industries.
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Despite Lofty Backlog, Nonresidential Construction Spending Remains Stagnant in May, Says ABC

Monday, July 3, 2017 12:26 PM
WASHINGTON, July 3 - Nonresidential construction spending expanded by 0.3 percent on both a monthly and yearly basis in May and stands at $714.3 billion on a seasonally adjusted annualized basis, according to analysis of a report from the U.S. Census Bureau released today by Associated Builders and Contractors (ABC). 
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Nearly 200,000 Construction Workers Added Since May 2016; Construction Unemployment Rates Improve in 24 States

Tuesday, June 27, 2017 8:00 AM
WASHINGTON, June 27—In May, not seasonally adjusted (NSA) construction unemployment rates were down in 24 states on a year-over-year basis, according to analysis released today by Associated Builders and Contractors (ABC). At the same time, the construction industry employed 192,000 more workers than in May 2016, according to data from the U.S. Bureau of Labor Statistics (BLS), and the national NSA construction unemployment rate was 5.3 percent, up 0.1 percent from a year ago.
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ABC’s Construction Backlog Indicator Rebounds in 2017

Monday, June 19, 2017 1:50 PM
ABC’s Construction Backlog Indicator Rebounds in 2017;
All Categories Experience Gains During First Quarter
 
WASHINGTON, June 21-- Associated Builders and Contractors (ABC) today reported that its Construction Backlog Indicator (CBI) rose to 9 months during the first quarter of 2017, up 8.1 percent from the fourth quarter of 2016. CBI is up by 0.4 months, or 4 percent, on a year-over-year basis.
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President Trump's Apprenticeship Expansion Helps All Americans Build America

Thursday, June 15, 2017 4:41 PM
WASHINGTON, June 15--Associated Builders and Contractors applauded President Donald J. Trump on today’s executive action on apprenticeships, which is an important step toward building new career opportunities for all Americans. If fully implemented, the order will allow industries to build innovative workforce development systems that address glaring skills gaps in our workforce.  With the construction industry currently facing a workforce shortage of as many as 500,000 jobs, this order is an important first step to allow more entryways into becoming a construction professional.     Read the rest of entry »

ABC Hails Florida Legislation That Encourages Competition in Bidding on Public Construction Projects

Thursday, June 15, 2017 10:07 AM

Washington, June 15—Associated Builders and Contractors (ABC) today applauded Gov. Rick Scott (R-Fla.) for signing legislation into law that will promote open competition in the procurement of construction services funded by Florida taxpayers. 
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