Associated Builders and Contractors has announced the winners of its Excellence in Construction Awards — 82 construction projects worth a total of $2.14 billion — during the ABC Convention 2023 held recently in Orlando, Florida. The awards honor general and specialty contractors for world-class, safe and innovative construction projects from across the country. Read More …
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Commercial, Institutional, Healthcare Construction Drive ABC’s Backlog Indicator to Highest Level Since Q2 2019
Associated Builders and Contractors’ Construction Backlog Indicator has increased to 9.2 months in November, according to an ABC member survey conducted Nov. 21-Dec. 6. The reading is .8 months higher than in November 2021.
View ABC’s Construction Backlog Indicator and Construction Confidence Index tables for November 2022. Read More …
Nonresidential Construction Spending Slightly Dips, Says ABC
National nonresidential construction spending was down by 0.6% 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 $832.5 billion for the month. Read More …
Nonresidential Construction Spending Falls in April, Says ABC
National nonresidential construction spending was down 0.4% in April, 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 $844.4 billion for the month. Despite the monthly setback, nonresidential construction spending is up 6.6% from a year ago. Read More …
Healthcare Projects Recognized for National Construction Excellence Awards
Several healthcare projects were among 92 projects recently recognized by Associated Builders and Contractors as Excellence in Construction award-winning projects. The annual EIC awards program honors both general and specialty contractors for innovative and high-quality merit shop construction projects. Read More …
Nonresidential Construction Spending Slips Modestly in May, Says ABC
According to a recent Associated Builders and Contractors analysis of U.S. Census Bureau data, national nonresidential construction spending declined 0.9% in May, totaling $788.5 billion on a seasonally adjusted annualized basis and a 4.4% increase compared to the same time last year. Read More …
Projections Reveal Nonresidential Construction Spending to Grow
Spending on nonresidential buildings nationally increased only modestly last year, barely outpacing inflation in building costs. Halfway through the seventh year of continuous growth for the cyclical construction industry, 2018 might have looked to be the year that the industry would enter another recession. However, when polled at the beginning of this year, Read More …
