Tag Archives: Associated Builders and Contractors

Construction Spending Gets Big Boost in July

Nonresidential construction spending expanded strongly in July, growing 2.5 percent on a monthly basis and spiking 8.6 percent on a year-over-year basis, according to the U.S. Census Bureau. Spending for the month totaled $617.8 billion on a seasonally adjusted, annualized … Continue reading

Posted in Today's News | Tagged , , , , , | Leave a comment

Construction Backlog Spikes in Second Quarter, Poised to Continue Rise

The Associated Builders and Contractors (ABC) Construction Backlog Indicator (CBI) reached an all-time high in the second quarter of 2014. The CBI improved 5.4 percent following a 2.8 percent decline in the first quarter and currently stands at 8.5—up 3.6 … Continue reading

Posted in Today's News | Tagged , , , , | Leave a comment

GDP Rebounds in Second Quarter with 4 Percent Increase

Nonresidential fixed investment expanded 5.5 percent and residential fixed investment expanded 7.5 percent during the second quarter of 2014, according to a July 30 release by the Bureau of Economic Analysis. Overall, real gross domestic product (GDP) increased 4 percent … Continue reading

Posted in Today's News | Tagged , , | Leave a comment

Nonresidential Construction Jobs Decrease in May While Industry as Whole Sees Gains

While the U.S. construction industry gained 6,000 jobs from April to May, nonresidential construction segments lost 500 jobs, according to an employment report by the U.S. Department of Labor (DOL). “Coming into [Friday’s] release, the nonresidential construction industry was expected … Continue reading

Posted in News, Today's News | Tagged , , | Leave a comment

Construction Backlog Indicator Hits Post-Recession High

Associated Builders and Contractors’ (ABC) Construction Backlog Indicator (CBI) hit a post-recession high in the fourth quarter of 2013, growing from 8.2 months to 8.3 months (1.3 percent). Compared to a year ago, the CBI is 3.9 percent higher—up from … Continue reading

Posted in News, Today's News | Tagged , | Leave a comment

Nonresidential Construction Employment Declines in December

National construction employment decreased by 16,000 jobs in December, according to a January 10 report by the U.S. Department of Labor. Nonresidential construction saw the bulk of job losses, contributing 88.1 percent of total construction industry job loss and losing … Continue reading

Posted in News, Today's News | Tagged , , , | Leave a comment

PPI Report Shows Flat Glass Prices Up 1.3 Percent

Glass globe with dollar signs on background with money symbol.

Flat glass prices climbed 1.3 percent from October to November, according to the latest Producer Price Index (PPI) report issued by the U.S. Labor Department. It’s welcome news for an industry that saw prices fall precipitously during the recent recession … Continue reading

Posted in Featured News, News, Today's News | Tagged , , | Leave a comment

CBI Remains Stable in Third Quarter

Nonresidential construction spending remained unchanged from the second to third quarter of this year, according to the Construction Backlog Indicator (CBI) report produced by Associated Builders and Contractors (ABC). “The most recent CBI reading suggests much of the growth next … Continue reading

Posted in News, Today's News | Tagged , | Leave a comment

Third-Quarter Nonresidential Fixed Investment in Structures Rises 12.3 Percent

Fixed investment in nonresidential structures and intellectual property grew 12.3 percent and 2.2 percent, respectively, in the third quarter, according to an analysis of data released by the U.S. Commerce Department by Associated Builders and Contractors (ABC). However, the group … Continue reading

Posted in News, Today's News | Tagged | Leave a comment

Glass, Construction Industries Face Shortage of Qualified Labor

Companies in the Midwest, such as Arlington Glass, are finding work in a variety of different project types as the market slowly returns.

The president of J.E. Berkowitz LP credits his company’s “new age” hires for largely sparing the company from the shortage of qualified labor that is being felt nationally. Arthur Berkowitz says his Pedricktown, N.J.-based architectural glass company’s experience with the … Continue reading

Posted in Featured News, News, Today's News | Tagged , , , , , , , | Leave a comment