ABC: Construction input prices, contractor confidence up
The Associated Builders & Contractors (ABC) reports that construction input prices and its Construction Confidence Index increased in January.
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ABC: Nonresidential spending up in November
Spending was up on a monthly basis in nine of the 16 nonresidential subcategories according to the Associated Builders & Contractors (ABC).
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ABC: Construction job openings down in October
The Associated Builders & Contractors (ABC) says construction job openings dropped by 52,000 positions in October and 21,000 positions from a year ago.
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ABC: Construction employment up in October
The construction industry added 1,000 jobs in October, according to the Associated Builders & Contractors (ABC).
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ABC: Construction employment up in September
The Associated Builders & Contractors (ABC) says the construction industry gained 19,000 jobs in September, with nonresidential construction adding 13,100.
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ABC: Nonresidential construction spending dips in August
The Associated Builders & Contractors (ABC) says nonresidential construction spending totaled $859.3 billion for the month.
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Basu: Economic uncertainty to continue into 2023
While Anirban Basu does not believe the U.S. is in a recession, the Associated Builders & Contractors’ chief economist says one is coming in 2023.
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Inflation’s impact on construction sectors
Nonresidential, residential and nonbuilding construction are all seeing different responses to stubborn inflation and rising interest rates.
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Skills shortages hindering construction workforce
While workforces in industries like hotels and restaurants are facing worker shortages as a whole, the construction industry’s workforce is lacking skilled labor specifically, according to Anirban Basu.
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