Two reports on construction starts in January point in different directions. Total construction starts in current dollars (i.e., not inflation-adjusted) slumped 27% from December...
Reshaping the Industry
Three actions are necessary to build a thriving, profitable and durable construction industry:
- Acceptance. Recognize current situations and challenges and accept they are real.
- Leadership. Embrace core values and principles as innovators and leaders.
- Solutions. Collaborate among owners, contractors and workforce for solutions.
Associated Builders and Contractors recently reported that its Construction Backlog Indicator declined 0.2 months to 9.0 in January, according to an ABC member survey conducted...
Contractor input costs continue to divergeContractors’ input costs diverged widely in January, as one-month or year-over-year (y/y) increases in fuel, paving materials, gypsum,...
WASHINGTON, Feb. 16—Construction input prices rose 1.3% in January, according to an Associated Builders and Contractors analysis of the U.S. Bureau of Labor Statistics’...
Nonresidential building projects in planningThe Dodge Momentum Index slid 8.4% in January after 10 consecutive monthly increases but climbed 32% year-over-year (y/y), Dodge...
WASHINGTON, Feb. 7—Associated Builders and Contractors President and CEO Michael Bellaman released the following statement responding to President Joe Biden’s 2023 State of the...
Construction employment, pay rise in January; job openings set December record but spending slips
WASHINGTON, Feb. 1—The construction industry had 413,000 job openings in December, according to an Associated Builders and Contractors analysis of data from the U.S. Bureau...
I'm sure you've read countless articles on the construction labor shortage and the lack of craft trade professionals who can meet the demand for building projects in our current...
