Business

On Dec. 11, 2024, Construction Executive presented its final economic webinar of the year. Hosted by Anirban Basu, ABC’s chief economist, “Construction Executive’s 2025 Construction Economic Forecast” revealed many things for contractors to be on the lookout for next year—and not...

It’s difficult to recover from a low estimate in construction. Owners don’t want to pay more than they have to, and scope creep is a credibility killer. That’s why successful companies understand the value of an experienced estimator and solid estimating systems. They also train...

The Fed’s change in stance and the expectation of lower rates over the next year certainly set the stage for that. The Dodge Momentum Index, which tracks nonresidential building projects from the initial planning stages, has been steady over the last six months, indicating that d...

WASHINGTON, Dec. 2—National nonresidential construction spending decreased 0.4% in October, 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 totaled $...

Moving into 2025, I have my eye on stagnant and declining property valuations in certain segments, the most notable of which is the office category. It’s no secret that the pandemic and the rise of remote work fundamentally altered the demand for office space. While construction ...

Following a gangbuster year in 2023, spending on the construction of nonresidential buildings is estimated to slow to a more modest pace of growth of just over 7% this year. Next year, gains in spending are projected to grow just 2%, according to the American Institute of Archite...

Louis Vuitton. Erewhon. Nike. There is value in brand recognition. But is establishing that brand and generating that recognition any different for a construction company than it is for high-fashion leather goods, luxury grocery stores or world-renowned sports brands? According t...

WHAT WE LEARNED IN NOVEMBER: CONSTRUCTION INDUSTRY POWERS TOWARD AN UNCERTAIN 2025 The construction industry exhibited healthy growth over the past few months. Contractors continue to hire, labor availability is improving and materials prices have fallen over the past year. Whi...

WASHINGTON, Nov. 14—Construction input prices increased 0.3% in October 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, Nov. 12—Associated Builders and Contractors reported today that its Construction Backlog Indicator fell to 8.4 months in October, according to a survey of its member contractors conducted Oct. 21 to Nov. 4. The reading is unchanged from October 2023. View ABC’s Const...