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ABC Releases February Construction Spending Data

Construction Superintendent Magazine

National nonresidential construction spending declined 1 % in February, according to an Associated Builders and Contractors analysis of data published by the U.S. Virtually every nonresidential construction segment experienced a decline in spending in February,” said ABC Chief Economist Anirban Basu. “In Census Bureau.

ABC 52
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Commercial, institutional projects boost construction backlog

Construction Dive

Contractors are signaling that demand for their services will continue to expand despite high interest rates and regional bank failures, said Anirban Basu, ABC chief economist.

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Backlog drops to lowest level since Q1 2022

Construction Dive

“Many smaller contractors are feeling the sting of weaker economic fundamentals in struggling commercial real estate segments,” said Anirban Basu, ABC chief economist.

ABC 146
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Commercial Craft Apprenticeship Kicks Off

PC Construction

Last Friday, the newest participants in Vermont’s Commercial Craft Apprenticeship program gathered at the PC Construction office for a meet and greet and introduction to their next year of formalized training. The post Commercial Craft Apprenticeship Kicks Off appeared first on PC Construction. This is such an incredible opportunity.

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Buoyed by healthy economy, ABC Index finds contractors upbeat

BD+C

The majority of commercial and industrial contractors are confident about sales growth, profits and staffing levels heading into 2018, according to the latest Associated Builders and Contractors (ABC) Construction Confidence Index (CCI).

ABC 61
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Commercial, Institutional, Healthcare Construction Drive ABC’s Backlog Indicator to Highest Level Since Q2 2019

Construction Superintendent Magazine

Associated Builders and Contractors’ Construction Backlog Indicator has increased to 9.2 months in November, according to an ABC member survey conducted Nov. View ABC’s Construction Backlog Indicator and Construction Confidence Index tables for November 2022. The reading is.8 8 months higher than in November 2021.

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Report: Contractors invest $1.6 billion in workforce development annually

BD+C

Associated Builders and Contractors members invested $1.6 The 45% increase in spending resulted in nearly twice as many course attendees—more than 980,000—receiving craft, leadership, and safety education training in commercial and industrial construction, according to an ABC report. . billion in 2013.