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 … Read more

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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, … Read more

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ABC’s 2023 Guide to Construction Safety Best Practices 

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Associated Builders and Contractors released its 2023 Safety Performance Report, an annual guide to safety best practices on construction jobsites and comprehensive study of the impact of the STEP Safety Management System. The annual study is unveiled to coincide with Construction Safety Week, May 1-5. ABC’s research on more than 850 million work hours completed by participants in the construction, heavy construction, civil engineering and specialty trades in 2022 identified the following proactive injury and hazard elimination best practices: New hire safety orientation: Companies that conduct an in-depth indoctrination of new employees into the safety culture, systems and processes based … Read more

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ABC Names 2023 Craft Instructor of the Year

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Associated Builders and Contractors announced that Gabriel Galvan, Construction Prep Academy Instructor, ABC Indiana/Kentucky Chapter, Indianapolis, is the 2023 Craft Instructor of the Year. Galvan was honored at ABC Convention 2023 in Orlando, Florida. ABC presents the annual Craft Instructor of the Year Award to an instructor with an inspiring passion for their craft, creativity, a positive attitude and the ability to transfer knowledge through outstanding communications skills and forward-thinking teaching to future construction professionals. “The countless hours that Gabe has poured into the next generation of craft professionals is truly inspiring and worthy of this recognition,” said 2023 National … Read more

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ABC’s March Construction Backlog Indicator Down to Lowest Level

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Associated Builders and Contractors reported that its Construction Backlog Indicator declined to 8.7 months in March, according to an ABC member survey conducted March 20-April 3. The reading is .4 months higher than in March 2022. View ABC’s Construction Backlog Indicator and Construction Confidence Index tables for March. View the historic Construction Backlog Indicator and Construction Confidence Index data series. Backlog slipped in March and is at its lowest level since August 2022. Backlog is down on a monthly basis in every region except for the South, which continues to be associated with elevated levels of current and future construction … Read more

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