Business

Step back in time, and there’s a good chance that most of the names in the construction business no longer exist. Of the more than 43,000 construction companies that started in the spring of 2011, less than 38% managed to stick around a decade later, according to data from the U....

Competition is a constant in the ever-evolving world of construction. It’s fundamental to the bottom line, creates a quality product, invites the best talent and—to be frank—it’s exciting to compete. And it’s even more exciting to be the winner. So, how are winners in the contra...

LAS VEGAS, Feb. 28—Associated Builders and Contractors named the winners of the 2025 ABC Construction Management Competition and the 36th annual National Craft Championships. The winners were honored on the final day of ABC Convention 2025 in Las Vegas. ABC Names the Nation’s To...

WASHINGTON, March 13—Construction input prices increased 0.6% in February, according to an Associated Builders and Contractors analysis of U.S. Bureau of Labor Statistics’ Producer Price Index data released recently. Nonresidential construction input prices also increased 0.6% fo...

Tax challenges in the commercial construction industry can feel like an uphill battle, with fluctuating project revenues, payroll complexities and penalties piling up quickly. Construction contractors in particular face a perfect storm of tax-related risks when cash reserves run ...

WASHINGTON, March 11—The construction industry had 236,000 job openings on the last day of January, according to an Associated Builders and Contractors analysis of data released in the U.S. Bureau of Labor Statistics’ Job Openings and Labor Turnover Survey. JOLTS defines a job op...

WASHINGTON, March 11—Associated Builders and Contractors reported that its Construction Backlog Indicator fell to 8.3 months in February, according to an ABC member survey conducted Feb. 20 to March 5. The reading is up 0.2 months since February 2024. View ABC’s Construction Bac...

WASHINGTON, March 7—The construction industry added 19,000 jobs on net in February, 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 174,000 jobs, ...

“The most salient aspect of life for consumers, contractors and the average American is the elevated rate of inflation.” Anirban Basu began his address to the crowd at ABC Convention 2025 with the one thing that’s been top of mind for Americans for the last half-decade. While inf...

WHAT WE LEARNED IN JANUARY: CONTRACTORS OPTIMISTIC DESPITE COOLING MOMENTUM The construction industry’s momentum faded somewhat over the past few months. Nonresidential spending growth has stalled, employment growth has slowed to a crawl and materials prices jumped higher in Ja...