Economy

COVID-19 Cuts Nonresidential Construction Employment in March, Says ABC

by ABC | Apr 8, 2020
Economy | Markets

Construction industry employment declined by 29,000 in March, according to an Associated Builders and Contractors analysis of data released by the U.S. Bureau of Labor Statistics.

Contractor FAQs on the Defense Production Act

by Brian Waagner, George (Trip) Stewart | Apr 1, 2020
Economy | Legislation | Manufacturing | Markets

President Trump announced the federal government will invoke the Defense Production Act (DPA) to obtain necessary medical equipment and supplies from private industry. Here are answers to some of the most frequently-asked DPA questions.

Weathering Construction Supply Shortages Amid the Pandemic

by Farhan Ahmad | Apr 1, 2020
Business Development | Economy | Markets

Normally, the early spring is an exciting period for construction, but COVID-19 has changed everything. Price increases and project delays are becoming commonplace. Here are some tips to help contractors survive the wait.

February’s Construction Spending Decline Indicates What’s to Come, Says ABC

by ABC | Apr 1, 2020
Economy | Markets

National nonresidential construction spending fell 1.8% in February, but is up 2.5% compared to the same time last year, according to an Associated Builders and Contractors analysis of data published by the U.S. Census Bureau.

Implications for the Construction Labor Market When the Cycle Turns

In the last decade, the industry witnessed unprecedented levels of building, so much that the labor supply has been unable to keep up with demand. While it’s impossible to know when the cycle will turn, this dynamic won’t last forever.

Nonresidential Construction Employment Expands in February, Says ABC

by ABC | Mar 25, 2020
Careers | Economy | Markets

The construction industry added 42,000 net new jobs in February, according to an ABC analysis of data released by the BLS. On a year-over-year basis, industry employment has expanded by 223,000 jobs, an increase of 3.0%.

Monthly Construction Input Prices Drop in February, Says ABC

by ABC | Mar 16, 2020
Business | Economy

Construction input prices fell 0.6% in February and are up 0.4% year-over-year, according to an Associated Builders and Contractors analysis of U.S. Bureau of Labor Statistics’ Producer Price Index data.

Coronavirus and the Construction Industry: How to Handle an Inevitable Delay

COVID-19 may affect construction materials and labor. Now’s the time to check contract language and supplier agreements for force majeure clauses, and develop a plan in the event of a labor shortage.

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COVID-19 Cuts Nonresidential Construction Employment in March, Says ABC

Contractor FAQs on the Defense Production Act

Weathering Construction Supply Shortages Amid the Pandemic

February’s Construction Spending Decline Indicates What’s to Come, Says ABC

Implications for the Construction Labor Market When the Cycle Turns

Nonresidential Construction Employment Expands in February, Says ABC

Monthly Construction Input Prices Drop in February, Says ABC

Coronavirus and the Construction Industry: How to Handle an Inevitable Delay

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