Nonresidential Construction Spending Down 0.2% in December; Data Centers and Manufacturing Make Up 94% of Spending Increase in 2024
By ABC
February 4, 2025
WASHINGTON, Feb. 3—National nonresidential construction spending decreased 0.2% in December 2024, according to an Associated Builders and Contractors analysis of data published today by the U.S. Census Bureau. On a seasonally adjusted annualized basis, nonresidential spending tot...
Overlooked Assets: Year-Round Tax Tips From a Construction Accountant
By Phillip Ross
February 3, 2025
For most construction firms, working with an accountant is often limited to matters for the year-end financial statements and tax returns. This has become such a routine practice that it’s easy to forget that accountants have the potential to be valuable year-round financial stra...
Accelerated Learning: Phelps Turns a 12-Story Office Into a School in Six Months
By Ken Budd
January 31, 2025
Like a student cramming for an exam, Phelps Construction Group faced a tight deadline. The Denville, New Jersey-based company was hired to renovate a space for Kindle Education, a tuition-free public charter school with about 460 students grades 6-12. The new location, for stude...
‘Strong Fundamentals’: Reviewing Deloitte's 2025 Engineering and Construction Outlook
By Michelle Meisels
January 29, 2025
The construction industry in 2024 was defined by strong fundamentals, marked by a 10% increase in nominal value added and a 12% increase in gross output. Construction spending crossed $2 trillion and maintained a balanced trajectory in the first half of 2024. Despite facing a per...
A National Chair’s Work Is Never Done: A Farewell Interview With Buddy Henley
By Grace Calengor
January 27, 2025
A family person first, Henley Construction President and 2024 Associated Builders and Contractors National Chair Buddy Henley has always prioritized his relationships—with his father, daughters, employees, ABC national committee counterparts and chapter members—because he knows p...
Construction Futures: January 2025 Economic Roundup
By Construction Executive
January 27, 2025
What We Learned in December: Construction Industry Momentum Slows
Construction industry momentum faltered somewhat in the final months of 2024. Spending slowed and is roughly flat over the past year after accounting for inflation, while industrywide job growth underwhelmed in De...
How Startup Tech Is Helping Heal the Construction Supply Chain
By Mateo Zimmermann
January 21, 2025
Global supply chains are in a bad state, particularly in the construction industry. This is in part due to the ongoing conflicts in the Middle East and Eastern Europe, as well as worker shortages, extreme weather events, port congestion, additional information requirements for en...
Visual Scheduling Technology Is Aiding Construction Project Productivity in 2025
By Construction Executive
January 16, 2025
Nitin Bhandari, CEO at Planera Inc., sat down with Construction Executive to share insights on optimizing management techniques for the construction industry. One of the primary techniques he revealed—visual scheduling—is sure to be a trending topic throughout 2025. Bhandari expl...
Construction Materials Prices Inch Down 0.2% in December, Up 0.9% Year Over Year
By ABC
January 16, 2025
WASHINGTON, Jan. 14—Construction input prices decreased 0.2% in December compared to the previous month, according to an Associated Builders and Contractors analysis of U.S. Bureau of Labor Statistics’ Producer Price Index data released on Jan. 14. Nonresidential construction inp...
Key Marketing Trends Shaping the Construction Industry in 2025
By Brian Gallagher
January 15, 2025
As 2025 rolls along, the construction industry finds itself at the intersection of technological innovation, evolving customer expectations and a growing focus on sustainability. For architecture, engineering and construction marketing leaders, staying on top of new trends is cri...
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Construction Backlog Indicator Slips in December, Contractor Confidence Remains Elevated
By ABC
Year over year, ABC's Construction Backlog Indicator is down 0.3 months December 2023 to December 2024.
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Construction Underperforms Broader Economy in December Jobs Report
By ABC
As the construction labor force stalled at year's end in 2024, the workforce only logged 8,000 jobs added in December.
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Construction Labor Churn at Historic Lows in November
By ABC
Construction hiring and firing came to a near-halt in November 2024, but both are anticipated to pick back up in the new year.