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

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Associated Builders and Contractors’ Construction Backlog Indicator has increased to 9.2 months in November, according to an ABC member survey conducted Nov. 21-Dec. 6. The reading is .8 months higher than in November 2021. View ABC’s Construction Backlog Indicator and Construction Confidence Index tables for November 2022. Backlog is now at its highest level since the second quarter of 2019. The increase in backlog observed in November is largely attributed to contractors with under $30 million in revenue, which now have their highest level of backlog in over three years. ABC’s Construction Confidence Index reading for profit margins and staffing … Read more

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Construction Job Openings Decreased By 52,000, Says ABC

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The construction industry had 371,000 job openings in October, according to an Associated Builders and Contractors analysis of data from the U.S. Bureau of Labor Statistics’ Job Openings and Labor Turnover Survey. JOLTS defines a job opening as any unfilled position for which an employer is actively recruiting. Industry job openings decreased by 52,000 last month and are down 21,000 from the same time last year.

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ABC Elects 2023 National Chair, Executive Committee

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ABC Elects 2023 National Chair, Executive Committee Associated Builders and Contractors announced that Milton Graugnard, executive vice president, Cajun Industries LLC, Baton Rouge, Louisiana, was elected the 2023 ABC national chair at a board of directors meeting held in conjunction with the association’s annual Leadership Institute in Coronado, California. The members of ABC’s 2023 Executive Committee, who will take office on Jan. 1, are: Chair of the ABC board of directors: Milton Graugnard, executive vice president, Cajun Industries LLC, Baton Rouge, Louisiana Chair-elect: Buddy Henley, president, Henley Construction Co. Inc., Gaithersburg, Maryland Secretary and Southeast region vice chair: J. David … Read more

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ABC’s Construction Backlog Indicator Jumps; Contractor Confidence Remains Steady

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Associated Builders and Contractors reports that its Construction Backlog Indicator increased to 9 months in September, according to an ABC member survey conducted Sept. 20-Oct. 5. The reading is 1.4 months higher than in Sept. 2021. View ABC’s Construction Backlog Indicator and Construction Confidence Index tables for September. Backlog reached its highest level since May and is once again above the level observed at the start of the pandemic (8.9 months in February 2020). Backlog in heavy industrial increased sizably in September, spurred by a 21.5% year-over-year increase in manufacturing-related construction spending. ABC’s Construction Confidence Index readings for profit margins … Read more

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Monthly Construction Input Prices Dip, But Are Up 17% From a Year Ago, Says ABC

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Construction input prices decreased 1.4% in August compared to the previous month, according to the Associated Builders and Contractors’ analysis of U.S. Bureau of Labor Statistics Producer Price Index data. Nonresidential construction input prices fell 1.4% for the month, as well. Construction input prices are up 16.7% from a year ago, while nonresidential construction input prices are 16.3% higher. Input prices were up in six of 11 subcategories on a monthly basis. Natural gas prices increased 35.3% (and are 457.9% higher than they were in February 2020), followed by unprocessed energy materials prices, which rose 13.5%. Crude petroleum prices were … Read more

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