ABC Reports Construction Input Prices Plod Higher, Energy Prices Down

WASHINGTON, D.C. — Construction input prices increased .3 percent in July and are up 3 percent on a year-over-year basis, according to an Associated Builders and Contractors analysis of data released by the Bureau of Labor Statistics. Nonresidential construction input prices were in line with overall industry dynamics, increasing 0.3 percent for the month and 2.7 percent for the year. Eight of 11 key construction input prices rose in July. Among the inputs experiencing declines in prices were crude petroleum (down 8 percent) and natural gas (down 7 percent). Natural gas prices have fallen during four of the past six … Read more

Filed under: Economic NewsTagged with: , ,

Construction Input Prices Tick Higher in June, Crude Petroleum Prices Rebound

WASHINGTON, D.C. –Construction input prices rose .2 percent in June, according to an analysis of Bureau of Labor Statistics data released by Associated Builders and Contractors. This represents the sixth increase in construction input prices over the past seven months, but the overall rate of increase has been quite slow. On a year-over-year basis, construction input prices are up 2.6 percent. Nonresidential construction input prices also rose .2 percent in June and are up 2.3 percent on a year-ago basis. Much of the input price inflation in June was due to increased charges for crude petroleum, which registered a price … Read more

Filed under: Economic NewsTagged with: , ,

ABC’s Construction Backlog Indicator Rebounds in 2017

WASHINGTON, D.C. –The most recent Construction Backlog Indicator from the Associated Builders and Contractors rose to 9 months during the first quarter of 2017, up 8.1 percent from the fourth quarter of 2016. CBI is up by .4 months, or 4 percent, on a year-over-year basis. Highlights by Region Surging financial markets helped support activity in financial centers like New York, Philadelphia and Boston. Expanding cyber-security and life sciences activity supported markets as geographically diverse as Washington, D.C./Baltimore, Maryland; Austin, Texas; Silicon Valley, California and Seattle, Washington. Though backlog is slightly lower in the South on a year-over-year basis, it … Read more

Filed under: Economic News, eNewsTagged with: ,

ABC Announces Hire of Stephen Wiltshire as Safety Director

WASHINGTON, D.C. – Associated Builders and Contractors announced that veteran construction safety expert Stephen M. Wiltshire has joined its 70-person staff as director of safety. Wiltshire will direct programs and initiatives that support the achievement of ABC’s strategic safety goals, including the Safety Training Evaluation Process, a safety benchmarking and improvement tool for construction firms that can reduce incident rates by 87 percent. Wiltshire has designed and implemented award-winning safety programs, behavior-based training and loss control processes to create a culture of safety at ECS, Turner, Clark, AvalonBay and other construction firms in the Washington, D.C. metropolitan area, in addition … Read more

Filed under: Movers & ShakersTagged with: , , ,