On July 4, 2025, President Trump signed the One Big Beautiful Bill Act (“OBBBA”) into law. The package contains an estimated $12.5 trillion in tax provisions that will impact both businesses and individuals. The provisions of the bill largely fell into one of four categories:

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.

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% for the month.

Late last month, the Gould Construction Institute (GCI) held its annual Student Appreciation Night and honored graduating apprentices.  It’s a great event where students celebrate the hard work they put in to reach a career milestone, with our entire community on hand to join them while enjoying raffles, giveaways, good food and refreshments as they complete another year of their education.

The construction industry added 15,000 jobs on net in June, according to an Associated Builders and Contractors analysis of U.S. Bureau of Labor Statistics data. On a year-over-year basis, industry employment has increased by 121,000 jobs, or 1.5%.

Construction input prices increased 0.2% in May 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% for the month.

The construction industry added 4,000 jobs on net in May, according to an Associated Builders and Contractors analysis of U.S. Bureau of Labor Statistics data. On a year-over-year basis, industry employment has increased by 126,000 jobs, an increase of 1.5%.

Associated Builders and Contractors reported that its Construction Backlog Indicator fell to 8.4 months in May, according to an ABC member survey conducted May 20 to June 3. The reading is up 0.1 months since May 2024.

National nonresidential construction spending decreased 0.1% in April, according to an Associated Builders and Contractors analysis of U.S. Census Bureau data. On a seasonally adjusted annualized basis, nonresidential spending totaled $1.248 trillion.

The last decade has been a prosperous one for both our industry in general, the open shop, and for fostering fair and equitable entrepreneurial development.  A good economy translated to strong demand for construction services.  At the state level, we benefitted from the tenure of Gov. Charlie Baker, a strong believer in fair and open competition.