Business

Imagine a carpenter you know whose custom work has earned a stellar reputation. Attention to detail is extraordinary and clients marvel at the craftsmanship and constantly refer the carpenter to others. Perhaps he likes the idea of expanding from an individual operation into a b...

WASHINGTON, Feb. 13—Construction input prices increased 1.4% in January 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 today. Nonresidential construction input pri...

WASHINGTON, Feb. 11—Associated Builders and Contractors reported today that its Construction Backlog Indicator increased to 8.4 months in January, according to an ABC member survey conducted Jan. 21 to Feb. 3. The reading is unchanged from January 2024.  View ABC’s Construction ...

2024 will be remembered for many things. One on hand: strong consumer spending and stock performance; low unemployment; rate cuts; an artificial intelligence craze; the election. On the other: high house prices and mortgage rates; stagnant wages; labor shortages. Both the positiv...

As the construction industry rounds the halfway mark of the decade, the rearview looks a bit blurry. In just five short years, a global pandemic upended the way the world works, a supply-chain crisis sent material costs soaring and social justice protests forced leaders to reexam...

For Erik Wahl, an all-American boy from Seattle, failure was never an option. Raised in what many would refer to as a traditional learning environment, Wahl was praised for getting straight As, earning a business degree, marrying a wonderful woman and having three wonderful child...

“I was absolutely fascinated from day one by all things construction,” says David Pugh, partner in the construction practice for national law firm Bradley Arant Boult and Cummings. With a grandfather successful in the foundry business, a father with a storied career at Chicago Br...

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...

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...

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...