ABC Construction Backlog and Contractor Confidence Rebound in November

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ABC’s Construction Confidence Index readings for sales, profit margins and staffing levels increased in November. All three indices stand above the threshold of 50, indicating expectations of growth over the next six months. Associated Builders and Contractors reports that its Construction Backlog Indicator rose to 8.4 months in November, according to an ABC member survey conducted Nov. 19 to Dec. 3. The reading is up 0.3 months from October 2021 and 1.2 months from November 2020. “It’s getting better out there,” said ABC Chief Economist Anirban Basu. “While the outlook for construction remains imperfect, extraordinarily low interest rates have created … Read more

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ABC Publishes Inaugural Construction Technology Report

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Associated Builders and Contractors released its inaugural Tech Report, a study of the innovative technology and tools that ABC contractor members are using on jobsites to be safer, more profitable and primed to win more work. The report was sourced from a survey conducted from March through May 2021. It details opportunities for construction contractors to improve their operations in project coordination, planning, estimating, production and scheduling. Among the findings, the 2021 Tech Report reveals: 70% of respondents listed an operational issue as one of their top three challenges that technology can help solve More than half of respondents rely … Read more

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ABC Unveils Safety Technology Guide

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Associated Builders and Contractors has issued its online Safety Technology Guide, a resource for contractors looking to implement construction technology for the best possible safety performance. “Executing on ABC’s commitment to world-class safety on jobsites requires ABC member contractors to continuously innovate,” said Matt Abeles, ABC vice president of construction technology and innovation. “To keep contractors on the pulse of technology, ABC provides its members numerous resources like this guide to help them not only build the workforce of the future, but also ensure that they achieve optimal safety through the STEP Safety Management System, a world-class safety program founded … Read more

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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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