WASHINGTON (April 27, 2022) — The not seasonally adjusted (NSA) national construction unemployment rate dropped 2.6% in March 2022 from a year ago, down from 8.6% to 6%, while 45 states had lower unemployment rates over the same period, according to a state-by-state analysis of U.S. Bureau of Labor Statistics data released today by Associated Builders and Contractors (ABC).
WASHINGTON (April 26, 2022) — Associated Builders and Contractors (ABC) today applauded a letter sent to President Joe Biden by 16 Republican governors, led by Asa Hutchinson of Arkansas and Bill Lee of Tennessee, opposing the Biden administration’s policies promoting government-mandated project labor agreements (PLA) on taxpayer-funded construction projects.
Weighing the benefits & challenges of the return to in-person trade shows & conferences
WASHINGTON (Jan. 28, 2021) —The United States economy expanded at an annualized 4.0% rate in the fourth quarter of 2020 as the nation’s recovery from last spring’s economic devastation continued. Nonresidential investment in structures increased at a 3.0% annualized rate in the fourth quarter.
Need a quick recap of what leading associations are reporting in terms of construction stats? We've got you. Read a summary of what three industry organizations are reporting in construction activity from December 2020 below, and click the links at the end of each section for an extended version of each news item.
WASHINGTON (Jan. 15, 2021)—Construction input prices increased 1.8% in December 2020 compared to the previous month, according to an Associated Builders and Contractors analysis of the United States Bureau of Labor Statistics’ Producer Price Index data. Nonresidential construction input prices rose 2.1% for the month.
WASHINGTON (Jan. 4, 2021)—National nonresidential construction spending fell 0.6% in November 2020, according to an Associated Builders and Contractors analysis of data published by the United States Census Bureau. On a seasonally adjusted annualized basis, spending totaled $792.5 billion for the month.
NATIONAL—This week, the Associated Builders and Contractors of America (ABC), the Equipment Leasing and Finance Foundation (the Foundation), and NTEA, the association for the work truck industry, released three economic outlooks for the United States construction industry in 2021. The forecasts reported mixed predictions about the year ahead. Here's what you need to know:
WASHINGTON (Dec. 3, 2020)—Like most of the economy, construction, and therefore construction employment, was hit hard by the spread of COVID-19 and measures to limit the pandemic.
WASHINGTON (December 1, 2020)—National nonresidential construction spending was virtually unchanged in October, according to an Associated Builders and Contractors analysis of data published by the United States Census Bureau. On a seasonally adjusted, annualized basis, spending totaled $792.4 billion for the month.
WASHINGTON (November 10, 2020)—Associated Builders and Contractors reported that its Construction Backlog Indicator rebounded to 7.7 months in October, an increase of 0.2 months from September’s reading, according to an ABC member survey conducted from October 20 to November 5. Backlog is 1.2 months lower than in October 2019.
WASHINGTON (October 29, 2020)—The United States economy expanded at an annualized rate of 33.1% during the third quarter of 2020, helping to offset a significant share of the economic loss sustained during the second quarter, according to an Associated Builders and Contractors analysis of data released by the U.S. Bureau of Economic Analysis.
WASHINGTON (October 13, 2020)—Associated Builders and Contractors reported that its Construction Backlog Indicator fell to 7.5 months in September, a decline of 0.5 months from August’s reading, according to an ABC member survey conducted September 20 to October 6. Backlog is 1.5 months lower than in September 2019.
WASHINGTON (October 14, 2020)—Construction input prices increased 1.6% in September compared to the previous month, according to an Associated Builders and Contractors analysis of Producer Price Index data released today by the United States Bureau of Labor Statistics. Nonresidential construction input prices rose 1.4% for the month.
WASHINGTON (September 4, 2020)—Construction industry employment expanded by 16,000 jobs on net in August, according to an Associated Builders and Contractors analysis of data released by the United States Bureau of Labor Statistics. Over the last 4 months, the industry added 658,000 jobs, recovering approximately 61% of the jobs lost during March and April.
WASHINGTON (August 3, 2020)—National nonresidential construction spending declined 0.2% in June, according to an Associated Builders and Contractors analysis of data published by the United States Census Bureau. On a seasonally adjusted, annualized basis, spending totaled $812.9 billion for the month.
WASHINGTON—Associated Builders and Contractors announced the cancellation of ABC Convention 2020, which was scheduled for August 17-19 in Nashville, Tennessee. The event, which includes the National Craft Championships, Construction Management Competition and National Excellence in Construction Awards, was previously postponed from March due to the coronavirus pandemic.