The Blog

The construction industry will need to attract an estimated 439,000 net new workers in 2025 to meet anticipated demand for construction services, according to a proprietary model developed and released today by Associated Builders and Contractors. In 2026, the industry will need to bring in 499,000 new workers as spending picks up in response to presumed lower interest rates.

According to an Associated Builders and Contractors analysis of the U.S. Bureau of Labor Statistics’ 2024 Union Members Summary, a record low 10.3% of the U.S. construction industry belongs to a union, a decrease from the prior historic low of 10.7% in 2023.

Construction input prices decreased 0.2% in December 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 0.2% for the month.

Associated Builders and Contractors reported that its Construction Backlog Indicator inched down to 8.3 months in December, according to an ABC member survey conducted Dec. 20 to Jan. 6. The reading is down 0.3 months from December 2023.

The construction industry had just 276,000 job openings on the last day of November 2024, according to an Associated Builders and Contractors analysis of data from the U.S. Bureau of Labor Statistics’ Job Openings and Labor Turnover Survey. JOLTS defines a job opening as any unfilled position for which an employer is actively recruiting. Industry job openings increased by 17,000 last month but are down by 178,000 from the same time last year.

National nonresidential construction spending declined 0.1% in November, according to an Associated Builders and Contractors analysis of U.S. Census Bureau data. On a seasonally adjusted annualized basis, nonresidential spending totaled $1.234 trillion. On a year-over-year basis, nonresidential construction spending is up 2.8%, approximately flat in inflation-adjusted terms.

Medford Wellington Service Company is clearly serious about its goal to provide its customers with one-stop shopping from southern Connecticut to Portland, ME.

Atlas doesn't shy away from challenging projects.  Last year, a Connecticut company called us because new concrete they had poured for their manufacturing floor was failing in spots and was too high in others.  The company that poured the defective floor had no idea how to fix it.  The general contractor called in a consultant to determine the best way to fix the floor and the consultant called Atlas.

Construction input prices were unchanged in November 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 0.1% for the month.

The construction industry added 10,000 jobs on net in November, 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 risen by 211,000 jobs, an increase of 2.6%.