Monthly Construction Input Prices Unchanged in November, Says ABC

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Construction input prices were unchanged in November compared to the previous month, according to an Associated Builders and Contractors analysis of U.S. Bureau of Labor Statistics’ Producer Price Index data. Nonresidential construction input prices increased .1% for the month. Overall construction input prices are .5% higher than a year ago, while nonresidential construction input prices are .3% higher. Prices decreased in two of the three energy subcategories last month. Crude petroleum prices were down 3.3%, while unprocessed energy materials prices were down 2%. Natural gas prices were up 2.6% in November. “Construction input prices are up just .2% through the … Read more

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National Fire Protection Association Releases Annual Industry Trends Survey Results

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The National Fire Protection Association has released its third-annual Industry Trends Survey, which reveals skilled worker sentiments around the state of labor, training and technology on the jobsite. The survey provides a look at what the skilled trades industry can expect in each of these areas in 2025. The skilled labor shortage continues to be a top concern in 2025. Exactly half of skilled tradespeople identified a shortage of qualified candidates as the top challenge for workers this year. Skilled labor shortage concerns primarily stem from worker retirement and workforce retention challenges. As a result, the skilled labor shortage will … Read more

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ABC’s Construction Backlog Indicator Holds Steady in November, Contractor Confidence Surges

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Associated Builders and Contractors reported its Construction Backlog Indicator remained unchanged at 8.4 months in November, according to an ABC member survey conducted Nov. 20-Dec. 3. The reading is down .1 months from November 2023. Backlog in the infrastructure category contracted in November, though it is still the only category with higher backlog on a year-over-year basis. ABC’s Construction Confidence Index readings for sales, profit margins and staffing levels improved in November. The readings for all three components remain above the threshold of 50, indicating expectations for growth over the next six months. “Contractor confidence surged in November even though … Read more

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B.PUBLIC Prefab, Santa Fe Institute Announce Partnership for New Lecture Hall

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B.PUBLIC Prefab has announced its first commercial project with the Santa Fe Institute. The collaboration will bring to life a new lecture hall on SFI’s Miller campus in Tesuque, New Mexico, designed to serve as a focal point for the institute’s academic and research activities. The new lecture hall will provide a venue for lectures, seminars and collaborative sessions. Project highlights include: Design and sustainability: The new lecture hall will incorporate B.PUBLIC Prefab’s modular design principles, ensuring a construction process both efficient and environmentally conscious. The structure will feature sustainable materials, energy-efficient systems and a design that integrates seamlessly with … Read more

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ABC: Construction Adds Just 10,000 Jobs in November

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The construction industry added 10,000 jobs on net in November, according to an Associated Builders and Contractors analysis of data released today by the U.S. Bureau of Labor Statistics. On a year-over-year basis, industry employment has risen by 211,000 jobs, an increase of 2.6%. Nonresidential construction employment increased by 6,800 positions on net, with growth in 2 of the 3 subcategories. Nonresidential specialty trade added the most jobs on net, with employment in the category increasing by 7,000 positions. Heavy and civil engineering added 1,500 jobs, while nonresidential building lost 1,700 jobs last month. The construction unemployment rate rose to … Read more

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