Business

What We Learned in July Construction spending has been declining for several months, yet industrywide employment continues to grow, backlog increased in June and ABC members remain relatively confident about the future. Despite that optimism, the industry faces many headwinds in...

In the latest Construction Economic Update and Forecast webinar, expert economist Anirban Basu painted optimism over the current and future state of the construction economy under the effect of the Trump administration trade tariffs. The One Big Beautiful Bill is seemingly a posi...

Construction Executive, ABC and the construction industry at large mourn together the passing of Mark Casso, a beloved husband, father, grandfather and friend. As president of the Construction Industry Round Table, a Washington-based association of U.S. and global design and co...

WASHINGTON, July 16—Construction input prices increased 0.2% in June compared to the previous month, according to an Associated Builders and Contractors analysis of U.S. Bureau of Labor Statistics’ Producer Price Index data. Nonresidential construction input prices increased 0.3%...

WASHINGTON, July 15—Associated Builders and Contractors reported that its Construction Backlog Indicator rose to 8.7 months in June, according to an ABC member survey conducted June 20 to July 7. The reading is up 0.3 months since June 2024. View ABC’s Construction Backlog Indic...

We’ve all done it at one time or another—overpromising on the completion date of finishing a project, a report, a chore, virtually any type of commitment you can name. The reasons are almost limitless: starting too late, wanting to impress someone or appease their anger, or simpl...

WASHINGTON, July 3—The construction industry added 15,000 jobs on net in June, according to an Associated Builders and Contractors analysis of data released by the U.S. Bureau of Labor Statistics. On a year-over-year basis, industry employment has increased by 121,000 jobs, or 1....

WASHINGTON, July 1—National nonresidential construction spending decreased 0.2% in May, 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 $1.237 tril...

What We Learned in June: Some Signs of Waning Momentum Construction-specific economic data have started to flash a few signs of potential weakness. Both backlog and nonresidential construction spending declined for the month, and while nonresidential employment continues to grow...

Is construction still a relationship business? According to top executives in the field, absolutely. At ABC’s Regional Construction Summit in March, construction executives from across the DC/Baltimore metropolitan region came together to discuss the ideal partnership between ge...