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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U.S. Economy Expands in Q2, Investment in Structures Contracts, Says ABC

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The U.S. economy expanded at a 6.5% annualized rate in the second quarter of 2021, pushing overall gross domestic product above pre-pandemic levels. Investment in nonresidential structures, however, declined 7% for the quarter and has now contracted in six of the past seven quarters, according to an analysis by Associated Builders and Contractors of data released by the U.S. Bureau of Economic Analysis. The overall growth in GDP was almost entirely driven by increases in personal consumption expenditures, with sales of goods increasing by 11.6% and sales of services by 12%. “Today’s GDP report was terrific by normal standards, but … Read more

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ABC’s Construction Backlog Indicator, Contractor Confidence Index Rise in June

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Associated Builders and Contractors reports that its Construction Backlog Indicator rose to 8.5 months in June, according to an ABC member survey conducted June 20-July 6, 0.5 months higher than in May 2021 and 0.4 months higher than in June 2020. ABC’s Construction Confidence Index readings for sales, profit margins and staffing levels increased modestly in June. All three indices remain above the threshold of 50, indicating expectations of growth over the next six months. “Nonresidential contractors continue to predict a strong rebound in activity over the balance of the year,” said ABC Chief Economist Anirban Basu. “Despite recent weakness … Read more

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ABC’s Sizemore to Serve on OSHA Advisory Committee on Construction Safety and Health

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Greg Sizemore, Associated Builders and Contractors vice president of health, safety, environment and workforce development, has been appointed by the U.S. Department of Labor to serve as a representative for U.S. construction employers on the Occupational Health and Safety Administration’s Advisory Committee on Construction Safety and Health, which provides advice and assistance to the assistant secretary on occupational safety and health in construction standards. As one of 15 individuals selected, Sizemore will serve a two-year term on ACCSH, which was established in 1987 to advise the assistant secretary for OSHA on setting construction standards and policy matters arising in the … Read more

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