Business

What We Learned in April: Construction Industry Outlook Darkens Construction-specific economic data released in April paint a somewhat upbeat picture of the industry’s recent performance. Nonresidential spending reached the highest level on record, contractors added jobs for the...

In an industry where projects often run over schedule and over budget, change orders, labor shortages and communication gaps can significantly reduce construction firms’ profits. Delays and budget hikes are often inevitable because of the nature of construction work where change...

WASHINGTON, April 15—Associated Builders and Contractors reported today that its Construction Backlog Indicator rose to 8.5 months in March, according to an ABC member survey conducted March 20 to April 6. The reading is up 0.3 months since March 2024. View ABC’s Construction Ba...

Financial technology helps contractors get paid and pay out faster. What other benefits do fintech solutions offer? Guy Saxelby CEO and Co-Founder Earlytrade Fintech in construction can help solve one of the highest-impact problems facing the entire industry: cash flow. It’s n...

Update as of April 10, 10:00am: Even with yesterday's pause, Basu says the effective tariff rate on U.S. imports is lower than it was Wednesday morning, but is still higher than what was originally announced on April 2, "because America imports so much from China." However, tha...

WASHINGTON, April 1—National nonresidential construction spending increased 0.3% in February, according to an Associated Builders and Contractors analysis of data published today by the U.S. Census Bureau. On a seasonally adjusted annualized basis, nonresidential spending totaled...

Construction businesses have faced a rising tide of challenges since the pandemic. The labor shortage, worker safety threats and more have created a difficult environment for business owners to find opportunities for growth while keeping their operations running smoothly and safe...

WASHINGTON, April 1—The construction industry had 264,000 job openings on the last day of February, 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 a...

What We Learned in March: Construction Industry Momentum Wavers Nonresidential construction spending continues to inch higher while the industry keeps adding jobs at a healthy pace, but trade tensions, tariffs, rising material prices and higher-for-longer interest rates could we...

Construction machinery emits around 400 megatons of CO2 annually, with excavators accounting for nearly 50% of all CO2 emissions from construction vehicles. The World Green Building Council reports that materials and construction account for 11% of global carbon emissions. Given ...