The Blog

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. Nonresidential construction input prices also increased 0.3% for the month.

Close to 100 people, including ABC MA and Gould Construction Institute Board members, Division of Apprenticeship Standards (DAS) staff, GCI teachers and students, and industry partners attended the ribbon cutting for Gould’s new training facility on November 16.

Associated Builders and Contractors reported 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.

WASHINGTON, Nov. 4—The national September 2024 not seasonally adjusted construction unemployment rate was 3.7%, down 0.1% from the previous year, according to Associated Builders and Contractors’ state-by-state analysis of U.S. Bureau of Labor Statistics data. The analysis also found that 24 states had lower construction unemployment rates over the same period, four states were unchanged and 22 states were higher.

National nonresidential construction spending increased 0.1% in September, according to an Associated Builders and Contractors analysis of U.S. Census Bureau data. On a seasonally adjusted annualized basis, nonresidential spending totaled $1.22 trillion.

The construction industry added 8,000 jobs on net in October, according to an Associated Builders and Contractors analysis U.S. Bureau of Labor Statistics data. On a year-over-year basis, industry employment has grown by 223,000 jobs, an increase of 2.8%.

This month, ABC MA and the Gould Construction Institute get to celebrate the fruits of years of hard work, when we hold the ribbon-cutting for the new GCI training facility in Billerica.

Construction input prices decreased 0.9% in September 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 also decreased 0.9% for the month.

Associated Builders and Contractors reported that its Construction Backlog Indicator increased to 8.6 months in September, according to an ABC member survey conducted Sept. 20 to Oct. 4. The reading is down 0.4 months from September 2023.

Washington – Associated Builders and Contractors has released its fourth annual construction technology report, which focuses on the impacts of artificial intelligence in the construction industry. The report includes a case study and thought leadership from ABC’s Tech Alliance to showcase how ABC is working to strengthen members’ understanding of AI.