Business

WASHINGTON, Sept. 2—National nonresidential construction spending decreased 0.2% in July, 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 $1.24 tri...

What We Learned in August: Construction Industry Starts to Stall The construction industry continues to lose momentum as spending continues to fall and hiring remains sluggish. While contractor backlog is still elevated, material price escalation accelerated in July, and ongoing...

The unpredictability of the current economic landscape, from inflation and interest rates to tariffs and trade volatility, is a cause for concern for the construction industry. While inflation is showing signs of cooling, reaching its lowest level in April since early 2021, the i...

The construction industry faces persistent challenges, including rising materials costs, an unpredictable supply chain and ongoing labor shortages. And small and midsize businesses—SMBs—in construction are navigating industry shifts such as the move towards smart cities, sustaina...

WASHINGTON, Aug. 14—Construction input prices increased 0.4% in July compared to the previous month, according to an Associated Builders and Contractors analysis of U.S. Bureau of Labor Statistics’ Producer Price Index data released recently. Nonresidential construction input pri...

Sandwiched between the Texas Resolution Trust Corporation collapse of the 1980s and the Great Recession of the 2000s, Brian Robinson managed to carve out a name for himself in business—a name which still flourishes today as the founder of RDI Construction LLC and owner of a succe...

WASHINGTON, Aug. 12—Associated Builders and Contractors reported that its Construction Backlog Indicator rose to 8.8 months in July, according to an ABC member survey conducted July 24 to Aug. 4. The reading is up 0.4 months since July 2024. View ABC’s Construction Backlog Indic...

Tariffs. Inflation. Bear markets. Recession? These scary economic terms have dominated headlines lately, and every construction executive is understandably concerned about the future of their business. According to Forbes, the scale of proposed tariffs has prompted economic team...

Elevator equipment systems come in lots of shapes and sizes, each of which ultimately falls into one of two categories: proprietary or non-proprietary. Choosing the right vertical transportation systems, and maintaining and updating them, can impact everything from safety of buil...

The construction industry is facing a workforce emergency. According to a recent estimate by Associated Builders and Contractors, U.S. firms must hire 439,000 new workers in 2025 to meet labor demands. This shortfall compounds an existing skills gap that’s already straining proje...