Business

You’ve all heard the cliché: If you fail to prepare, you should prepare to fail. When it comes to natural disasters, that cannot be more true. From hurricanes to flash floods to forest fires, the last few years have been riddled with more natural disasters—and subsequent disaste...

Paul Doherty has worn more hats than most in the built environment. Trained as an architect in Manhattan, he detoured into technology early in his career—designing trade show booths for IBM in the late 1980s, back when Apple was still an upstart. That experience sparked a revelat...

WASHINGTON, Sept. 30—The construction industry had 188,000 job openings on the last day of August, according to an Associated Builders and Contractors analysis of data from the U.S. Bureau of Labor Statistics’ Job Openings and Labor Turnover Survey. JOLTS defines a job opening as...

What We Learned in September: Construction Industry Begins to Contract The construction industry continues to struggle in the face of an array of headwinds including trade and immigration policy, high borrowing costs and extraordinarily elevated economic uncertainty. A range of ...

When Paul Hedgepath walks a construction site, he doesn’t just see steel beams, scaffolding and concrete. He sees the invisible data streams that help keep multimillion-dollar projects on schedule and under budget—much of it captured by drones buzzing silently overhead. “Drones ...

WASHINGTON, Sept. 16—Associated Builders and Contractors reported today that its Construction Backlog Indicator fell from 8.8 months in July to 8.5 months in August, according to an ABC member survey conducted Aug. 20 to Sept. 3. The reading is up 0.3 months since August 2024. V...

WASHINGTON, Sept. 11—Associated Builders and Contractors today unveiled the members of its fifth annual Tech Alliance—a cohort of leading technology companies built to create construction tech solutions for the association’s contractor members, which primarily perform work in the...

WASHINGTON, Sept. 10—Construction input prices increased 0.2% in August 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 also in...

WASHINGTON, Sept. 2—National nonresidential construction spending decreased 0.2% in July, according to an Associated Builders and Contractors analysis of data published by the U.S. Census Bureau. On a seasonally adjusted annualized basis, nonresidential spending totaled $1.24 tri...

What We Learned in August: Construction Industry Starts to Stall The construction industry continues to lose momentum as spending continues to fall and hiring remains sluggish. While contractor backlog is still elevated, material price escalation accelerated in July, and ongoing...