ABC Announces 2022 National Chair, Executive Committee

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Associated Builders and Contractors’ board of directors has elected Stephanie Schmidt, president of Poole Anderson Construction, State College, Pennsylvania, as the 2022 ABC national chair of the board of directors during a meeting at the association’s annual Leadership Institute in Aventura, Florida. “As the fourth woman to serve the association in this role, I am honored to lead ABC to deliver value to our members, prioritize safety and total human health and elevate inclusion, diversity and equity, all to prioritize fair and open competition and to invest in and develop our most valuable asset — our people,” said Schmidt. “ABC’s … Read more

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ABC’s Construction Backlog Rebounds in October, Contractor Confidence Falls

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Associated Builders and Contractors reports that its Construction Backlog Indicator rose to 8.1 months in October, according to an ABC member survey conducted from Oct. 20 to Nov. 2. The reading is up 0.5 months from September 2021 and 0.4 months from October 2020. However, ABC’s Construction Confidence Index readings for sales and profit margins declined in October, while the index for staffing rose slightly. The sales and staffing readings are still above the threshold of 50, indicating expectations of growth over the next six months. The index for profit margins fell below that threshold, pointing to expectations of decline. … Read more

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Nonresidential Construction Spending Contracts 0.6% in September, Says ABC

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National nonresidential construction spending contracted 0.6% in September, according to an Associated Builders and Contractors analysis of data published recently by the U.S. Census Bureau. On a seasonally adjusted annualized basis, nonresidential spending totaled $791.2 billion for the month. Spending was down in 11 of the 16 nonresidential subcategories, with spending in amusement and recreation unchanged for the month. Both private and public nonresidential spending declined 0.6% in September. “It is not surprising that nonresidential construction spending declined in September,” said ABC Chief Economist Anirban Basu. “Nonresidential construction spending has generally been trending lower for several months and the factors … Read more

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Inaugural Construction Inclusion Week Activities Planned Oct. 18-22

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The inaugural Construction Inclusion Week kicks off on Monday, Oct. 18. Construction Inclusion Week provides five days of engagement to promote inclusion and enable conversations regarding diversity within the construction industry. The theme for the week is “Building the Foundation for Inclusion.” Construction Inclusion Week invites every member of the construction industry to unite to advance diversity, equity and inclusion. More than 1,100 construction industry firms have signed up to participate on http://www.constructioninclusionweek.com. They have access to materials and resources that help foster conversations and bring awareness to diversity, equity and inclusion. The resources enable construction companies of all sizes … Read more

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Nonresidential Construction Adds 2,900 Jobs in July, Says ABC

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The nation’s construction industry added 11,000 jobs on net in July, according to an Associated Builders and Contractors analysis of data released by the U.S. Bureau of Labor Statistics. Overall, the industry has recovered 886,000 (79.6%) of the jobs lost during earlier stages of the pandemic. Nonresidential construction employment expanded by 2,900 positions on net, though more than 100% of the gains were among nonresidential specialty trade contractors, which added 7,500 jobs. The nonresidential building (-2,500) and heavy and civil engineering (-2,100) segments both lost jobs in July. The construction unemployment rate fell to 6.1% in July. Unemployment across all … Read more

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