ABC: Monthly Construction Input Prices Unchanged in June

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Construction input prices remained unchanged in June compared to the previous month, according to an Associated Builders and Contractors analysis of U.S. Bureau of Labor Statistics Producer Price Index data released. Nonresidential construction input prices were also unchanged for the month. Overall construction input prices are 4.9% lower than a year ago, while nonresidential construction input prices are 4.5% lower. Prices decreased in all three energy subcategories in June. Crude petroleum prices were down 5.9%, while natural gas prices fell 5.3%. Unprocessed energy materials prices decreased 5% for the month.

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ABC’s Construction Backlog Indicator Steady in June

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Associated Builders and Contractors reported that its Construction Backlog Indicator remained unchanged at 8.9 months in June, according to an ABC member survey conducted June 20-July 5. The reading is unchanged from June 2022. View the historic Construction Backlog Indicator and Construction Confidence Index data series. Backlog in the infrastructure category increased for the third straight month and is now at the highest level in nearly two years. On a regional basis, the South remains the region with the highest backlog, despite being the only region in which backlog declined in June. ABC’s Construction Confidence Index reading for sales, profit margins […]

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Bridging Generation Gap in Construction Workforces

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How next-gen tech unites old, new generations of workers The construction industry is on the road to a major labor crisis. ABC figures show the U.S. construction workforce shortage topped half a million going into 2023. The sudden rise in labor-intensive infrastructure megaprojects means there is now a heightened demand for workers. But older, highly experienced workers leaving the industry, and a lack of younger skilled workers entering the industry, is creating a deep and growing imbalance in construction workforces. Kenny Ingram, vice president of construction and engineering, IFS, explains how construction businesses can remain competitive in the job market, […]

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Monthly Construction Input Prices Decrease, Says ABC

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Construction input prices fell .6% in May compared to the previous month, according to an Associated Builders and Contractors analysis of the U.S. Bureau of Labor Statistics’ Producer Price Index data. Nonresidential construction input prices declined .5% for the month. Overall construction input prices are 3.7% lower than a year ago. Nonresidential construction input prices are 3.4% lower. Prices declined in all three energy subcategories. Crude petroleum prices were down 10.2% in May, while unprocessed energy materials were down 7.8%. Natural gas prices fell 2% for the month. “The headline numbers suggest broad-based deflation in construction materials prices,” said ABC […]

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TDIndustries Wins National Construction Safety Awards from ABC, AGC

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TDIndustries has earned two national safety awards, a National Safety Merit Award, in the Specialty Trade Contractor category, from Associated Builders and Contractors and a third-place Construction Safety Excellence Award, in the Construction Management Division of Over 4 million Work Hours, from Associated General Contractors of America. The 2022 National Safety Excellence Award winners were selected from ABC member firms that achieved Diamond, Platinum or Gold status in ABC’s STEP Safety Management System in 2022, reflective of their 2021 safety performance data. The award was presented to 49 contractors nationwide. During the selection process, contractors were judged on self-evaluation scores, […]

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