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Home » Keywords: » restoration industry trends

Items Tagged with 'restoration industry trends'

ARTICLES

Construction Input Prices

Construction Input Prices Rise 2.6% in February

March 15, 2022
No Comments
“It will get worse before it gets better,” said ABC Chief Economist Anirban Basu. “Not only has Russia’s assault on democratic Ukraine created supply challenges in a number of categories, including oil and natural gas, but the reemergence of COVID-19 in parts of Asia and Europe is also poised to produce additional impacts."
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ABC Backlog

ABC Construction Backlog Indicator Unchanged in February; Contractors Remain Confident

March 15, 2022
No Comments
Survey respondents in all four regions cited labor and material availability and costs as the factors chipping away at their backlog, while a few respondents in the Midwest cited winter weather as a frustrating factor.
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February Employment

Construction Employment Surges to Near Pre-Pandemic Levels in February

March 4, 2022
No Comments
Overall, the industry has recovered virtually all (99.0%) of the jobs lost during earlier stages of the pandemic. The construction industry added 60,000 jobs on net in February, according to an Associated Builders and Contractors analysis of data by the U.S. Bureau of Labor Statistics.
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ABC

Nonresidential Construction Spending Growth Weak in January, Says ABC

March 1, 2022
No Comments
“Normally, one would look at headline numbers indicating that construction investment rose in America as a reason to cheer,” said ABC Chief Economist Anirban Basu. “But the construction spending data are not adjusted for inflation, and in real terms, construction spending was likely down for the month. Total construction spending is up more than 8% from last year, but materials prices are up approximately 24% over that span."
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Construction Spending

Construction Industry Faces Workforce Shortage of 650,000 in 2022, ABC Finds

February 23, 2022
No Comments
The construction industry will need to attract nearly 650,000 additional workers on top of the normal pace of hiring in 2022 to meet the demand for labor, according to a model developed by Associated Builders and Contractors.
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Behind the Scenes: Two ATI Restoration Acquisition Journeys

Behind the Scenes: Two ATI Restoration Acquisition Journeys

Ask the Expert
February 22, 2022
No Comments

ATI Restoration, the largest family-operated restoration firm in the U.S., acquired ProCare Solutions and Lang Restoration & Construction at the end of 2021. This Ask the Expert episode brings leaders from all three businesses together to share both acquisition stories and lessons learned.


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January Construction Input Prices

Monthly Construction Input Prices Rise in January, Says ABC

February 15, 2022
No Comments
“While many economists expect inflation to moderate over the course of 2022, as of now, there is effectively no relief in sight for the nation’s contractors,” said ABC Chief Economist Anirban Basu. “Inflation remains hot, hot, hot, with estimates of price increases repeatedly coming in above consensus expectations."
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Construction Backlog

ABC’s Construction Backlog Slips Again in January, Contractor Confidence Inches Lower

February 15, 2022
No Comments
“Despite the omicron variant, ongoing supply chain issues, elevated energy and materials prices and rampant staffing shortages, the average nonresidential contractor remains upbeat,” said ABC Chief Economist Anirban Basu.
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ABC Employment

State Construction Unemployment Down in Every State From a Year Ago

February 7, 2022
No Comments
The not seasonally adjusted national construction unemployment rate plunged 4.6% in December 2021 from a year ago, down from 9.6% to 5%, while all 50 states had lower unemployment rates over the same period, according to a state-by-state analysis of U.S. Bureau of Labor Statistics data released by Associated Builders and Contractors.
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ABC

Nonresidential Construction Employment Declines by 9,000 Despite Impressive January Jobs Report

February 4, 2022
No Comments
“There are at least a dozen explanations for today’s employment report, which indicates that nonresidential construction employment declined in January even as many other segments added many jobs,” said ABC Chief Economist Anirban Basu.
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