The RIA will be expanding the number of AGA advocates working on behalf of restorers and is seeking candidates for a new AGA Pricing Advocate position.
Construction input prices are up 23.5% from a year ago, while nonresidential construction input prices rose 24.5% over that span. All three energy subcategories increased significantly.
“It’s getting better out there,” said ABC Chief Economist Anirban Basu. “While the outlook for construction remains imperfect, extraordinarily low interest rates have created enough appetite for deal-making to push backlog higher and persuade the average contractor that sales, employment and profit margins will climb over the next six months.”
Single Source Disaster Recovery Specialists, a Rhode Island-based property damage cleanup and reconstruction contractor, is celebrating its 50th anniversary. The company is commemorating the milestone with a gift to fund a four-year scholarship to the Carpenter Apprenticeship Program at Roger Williams University.
The construction industry added 31,000 jobs on net in November, according to an Associated Builders and Contractors analysis of data released by the U.S. Bureau of Labor Statistics. Overall, the industry has recovered 998,000 (89.7%) of the jobs lost during earlier pandemic stages.
National nonresidential construction spending was up 0.9% in October, 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 $814.2 billion for the month.
“This report will provide construction leaders with a roadmap to understand how technology and innovation can help their businesses,” said Jack Hineman, vice president of business intelligence at Gaylor Electric Inc., Indianapolis, and chair-elect of ABC’s Construction Technology and Innovation Committee.
Associated Builders and Contractors, and its Alabama chapter, have filed a petition for review with the U.S. Court of Appeals in the 11th Circuit against the Occupational Safety and Health Administration for its COVID-19 vaccination and testing Emergency Temporary Standard, which applies to employers with 100 or more employees.
Construction input prices increased 1.5% in October, according to an Associated Builders and Contractors analysis of U.S. Bureau of Labor Statistics’ Producer Price Index data. Nonresidential construction input prices increased 1.4% for the month.
Associated Builders and Contractors reports that its Construction Backlog Indicator rose to 8.1 months in October, according to an ABC member survey conducted from Oct. 20 to Nov. 2. The reading is up 0.5 months from September 2021 and 0.4 months from October 2020.
