Construction Input Prices Plummet in November

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WASHINGTON, D.C.  – Construction input prices experienced their most rapid monthly decline since February 2016 in November, falling 0.5 percent according to the U.S. Bureau of Labor Statistics. Despite the month-over-month fall, input prices are up by 0.5 percent on a yearly basis for the second consecutive month. Nonresidential input prices fell 0.7 percent for the month but are up 0.4 percent on the year. Crude petroleum, natural gas and unprocessed energy materials prices have all risen significantly since November 2015. Only three key inputs prices—plumbing fixtures and fittings; nonferrous wire and cable and prepared asphalt, tar roofing and siding … Read more

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Construction Industry Alliance Announces New Resources Aimed at Suicide Prevention

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WASHINGTON, D.C. – Associated Builders and Contractors have made new resources available to its members through its membership in the Construction Industry Alliance for Suicide Prevention. ABC joined the Construction Financial Management Association-led alliance in October 2016 to help provide resources and disseminate information on suicide prevention and mental health awareness in the construction industry, with a goal of building a zero-suicide industry. A 2016 Centers for Disease Control report showed that construction is one of the most at-risk industries for suicide, with 1,324 of the 12,300 suicides (10.8 percent) studied occurring among individuals who worked in the construction or … Read more

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Construction Unemployment Rates Improve in 33 States Year-Over-Year, ABC Says

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Construction Unemployment Rates Improve in 33 States Year-Over-Year, ABC Says WASHINGTON, D.C. – October not seasonally adjusted construction unemployment rates were down in 33 states and the nation on a year-over-year basis, according to a recent release by Associated Builders and Contractors. The national NSA construction unemployment rate of 5.7 percent was down 0.5 percent from a year ago, according to data from the Bureau of Labor Statistics. This was the lowest national October construction unemployment rate since 2006, when it was 4.5 percent. BLS data also reported that the industry employed 175,000 more people than in October 2015. “October … Read more

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Alabama Construction Organization Honors Brasfield & Gorrie for Excellence in Construction

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The Associated Builders and Contractors Alabama Chapter recently recognized Brasfield & Gorrie with several top honors at the 2016 ABC Alabama Excellence in Construction Awards. The firm was honored with two first-place Excellence Awards and a Merit Award. The projects honored with Excellence Awards include the new Coca-Cola Bottling Company Sales and Distribution Center in Chattanooga, Tennessee, and the Cherry Point P163 Marine Air Support Squadron Maintenance and Operations Complex in Cherry Point, North Carolina, which Brasfield & Gorrie constructed along with joint venture partner Mitchell Industrial Contractors. Brasfield & Gorrie’s work on an expansion of UHS Spring Valley Hospital … Read more

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Construction Input Prices Remain Flat in October, ABC Says

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WASHINGTON, D.C. — Construction input prices remained unchanged in October and are just 0.5 percent above where they were a year ago, according to analysis of the U.S. Bureau of Labor Statistics Producer Price Index released by Associated Builders and Contractors. Despite the modest increase in the aggregate input price level, the most recent report represents the largest year-over-year price increase since November 2014. Generally, construction input prices, particularly natural gas and crude petroleum, have headed lower since the summer of 2014. However, that pattern of falling prices no longer holds. Crude petroleum prices were up 10.5 percent on a … Read more

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