ABC Presents Awards at 29th Annual Excellence in Construction Awards Celebration

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TDIndustries recently earned two Associated Builders and Contractors’ awards at the 29th Annual Excellence in Construction Awards celebration. The contractor earned an Eagle Excellence in Construction Award for its work on the Texas Health Resources Recovery and Wellness Center in Mansfield, Texas. The award is the greatest possible honor for a specialty construction project, with this entry coming in the under-$10 million category. The recovery and wellness center, a voluntary-admission addiction recovery facility, was created to evoke calmness, luxury and wellness. It includes guest wings, treatment and meeting rooms, a café, full kitchen, a two-story lobby, yoga studio and movie … Read more

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Construction Sees Minor Job Growth in March, Says ABC

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The construction industry added 16,000 net new jobs in March, according to an Associated Builders and Contractors analysis of data released by the Bureau of Labor Statistics. On a year-over-year basis, industry employment is up 246,000 jobs, representing a 3.4% increase. Nonresidential employment added 3,200 net new jobs last month, with the bulk of growth among nonresidential specialty contractors, which added 5,500 net new jobs. Heavy and civil engineering added 600 jobs, while the nonresidential building category lost 2,900 positions. The construction industry unemployment rate fell to 5.2%, down a full percentage point from the previous month. Compared to the … Read more

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ABC Names Finalists for Craft Professional, Instructor of the Year Awards

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Associated Builders and Contractors named the finalists for the 2019 Craft Professional and Craft Instructor of the Year awards. The winners of both awards will be announced at the Careers in Construction Awards on March 28 during the ABC Convention 2019. 2019 Craft Professional of the Year finalists: Joel Newton, Windemuller, ABC Western Michigan Chapter Shaun O’Brien, Buist Electric, ABC Western Michigan Chapter Adrian Rios, McCullough Construction, ABC Northern California Chapter 2019 Craft Instructor of the Year finalists: Joseph Fentross, Rancho Pacific Electric, ABC Southern California Chapter Clemon Prevost, Fluor, ABC Greater Houston Chapter Fernando Sanchez, TIC/Kiewit, ABC Rocky Mountain … Read more

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Jobs Decline in Construction Sector for First Time in More than Two Years, Says ABC

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According to a recent analysis by the Associated Builders and Contractors of data released by the U.S. Bureau of Labor Statistics, the construction industry lost 31,000 net new jobs in February. Overall, nonresidential employment decreased by 20,400 net new positions compared to January, with losses split between nonresidential building (-3,000), heavy and civil engineering (-13,200) and nonresidential specialty contractors (-4,200). However, industry employment is up 223,000 jobs since February 2018, an increase of 3.1 percent. Unemployment in the construction industry dropped slightly to 6.2 percent, down 0.2 percentage points from January. On a year-over-year basis, unemployment is 1.6 percentage points … Read more

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Construction Contractors Lose Confidence in Q4, Remain Upbeat Heading into 2019

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Construction industry leaders remained predominantly confident about the nonresidential construction sector’s prospects during the final quarter of 2018, according to the latest Construction Confidence Index released by Associated Builders and Contractors. Sales expectations remained especially upbeat during the fourth quarter, though the proportion of contractors anticipating significant sales increases in the following two quarters dipped by five percentage points. Despite that, more than 67 percent of contractors projected rising sales, while slightly less than 12 percent expected sales to decline. Just over 50 percent of contractors anticipate their profit margins to grow in the first half of 2019, yet only … Read more

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