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March Construction Job Openings Show Volatility, Decreasing By 182,000, Says ABC

Construction Superintendent Magazine

The construction industry had 274,000 job openings on the last day of March, according to an Associated Builders and Contractors analysis of data from the U.S. Construction job openings plunged in March, falling to the lowest level since October 2020,” said ABC Chief Economist Anirban Basu.

ABC 52
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ABC Construction Backlog Indicator Falls for Small Contractors, Increases for Large Contractors

Construction Superintendent Magazine

Associated Builders and Contractors reported that its Construction Backlog Indicator declined to 8.4 months in October from 9 months in September, according to an ABC member survey conducted Oct. View ABC’s Construction Backlog Indicator and Construction Confidence Index tables for October.

ABC 59
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ABC Releases February Construction Spending Data

Construction Superintendent Magazine

National nonresidential construction spending declined 1 % in February, according to an Associated Builders and Contractors analysis of data published by the U.S. Private nonresidential spending fell 0.9%, while public nonresidential construction spending was down 1.2% Census Bureau. in February.

ABC 52
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ABC: Construction Materials Prices Increase 0.4%

Construction Superintendent Magazine

Construction input prices increased 0.4% in March compared to the previous month, according to an Associated Builders and Contractors’ analysis of the U.S. Nonresidential construction input prices also increased 0.4% Both overall and nonresidential construction input prices are 1.7% for the month. higher than a year ago.

ABC 52
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ABC: Nonresidential Construction Adds 24,600 Jobs

Construction Superintendent Magazine

The construction industry added 39,000 jobs on net in March, according to an Associated Builders and Contractors’ analysis of data released by the U.S. Nonresidential construction employment increased by 24,600 positions on net, with growth in all three subcategories. The construction unemployment rate fell to 5.4%

ABC 52
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2024 Construction Workforce Shortage Tops Half Million, Says ABC

Construction Superintendent Magazine

The construction industry will need to attract an estimated 501,000 additional workers on top of the normal pace of hiring in 2024 to meet the demand for labor, according to a proprietary model developed by Associated Builders and Contractors. ABC estimates that the U.S.

ABC 52
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How Tech Can Help Contractors Win the War for Talent

Construction Business Owner

How Tech Can Help Contractors Win the War for Talent ccapoccia Fri, 04/14/2023 - 15:52 While already fighting to keep up with its typical hiring pace, the construction industry will need to draw more than 500,000 additional workers this year to meet rising demands, according to recent data released by Associated Builders and Contractors (ABC).