Articles Tagged with ''ABC''

Construction materials prices are rising again as copper, diesel, freight and labor costs squeeze supply chains despite resilient contractor confidence.

Can construction labor keep pace with the AI data center boom? Meta is investing $115 million to build its workforce pipeline.

Layoffs reached lowest number in April since 2022, with labor availability "unlikely to improve in the short term," said ABC economist. 

Residential, public work account for much of the increase. 

Prices for energy, steel lead increases overall, threatening the stability of contractors' project pipelines. 

Data centers continue to account for much of the backlog for large contractors. 

Despite a small increase in hiring, the job market for construction workers remains "subdued," says ABC chief economist Anirban Basu.

Despite soaring prices, construction backlog grew in March. 

The slowdown in hiring is expected to continue in the near future, according to an Associated Builders and Contractors analysis.