ABC’s Construction Backlog Indicator Falls in April, Contractor Confidence Rebounds from Historic Lows

Associated Builders and Contractors reported today that its Construction Backlog Indicator fell to 7.8 months in April, the series’ lowest reading since the third quarter of 2012. Based on an ABC member survey conducted April 20-May 4, the results indicate that confidence among U.S. construction industry leaders inched higher last month compared to the historically…

construction workers

February Construction Unemployment Rates Down in 37 States Year Over Year, Says ABC

Estimated February not seasonally adjusted construction unemployment rates fell nationally and in 37 states, rose in 12 states and were unchanged in one state (Texas) on a year-over-year basis, according to an analysis of U.S. Bureau of Labor Statistics data released by Associated Builders and Contractors. As of February 2020, the construction industry employed 208,000…

construction workers

January Construction Unemployment Rates Down in 44 States Year Over Year, Says ABC

Estimated January not seasonally adjusted construction unemployment rates fell nationally and in 44 states, rose in four states and were unchanged in two states (Maine and North Carolina) on a year-over-year basis, according to an analysis of U.S. Bureau of Labor Statistics data released by Associated Builders and Contractors. As of January 2020, the construction…

construction workers

Construction Contractor Confidence Robust to Start 2020, Says ABC

Confidence among U.S. construction industry leaders generally improved in January, consistent with the burgeoning momentum of the U.S. economy during the early weeks of 2020, according to the Associated Builders and Contractors Construction Confidence Index that was recently released. While the reading for sales expectations edged lower for the month, confidence pertaining to sales, profit…