Articles Tagged with ''ABC''

BLS reported construction input costs fell 1.6%, while looming tariffs and rate uncertainty pressures project budgets.

Despite ongoing economic uncertainty, ABC members report an increase in construction backlog.

With labor shortages mounting, construction is betting on Gen Z to reshape the industry as the skillbuilding competition and other initiatives spotlight trade careers. 

May 2025 job opening were down by 130,000 compared with May 2024.

Residential and non-residential spending both experienced yearly and monthly declines, according to the U.S. Census Bureau.

Movement in the construction job force has been slow amid the current economic uncertainty. 

Continued economic uncertainty is a catalyst for the decline in spending, industry economists say.

Increases in steel, copper prices were reported in April. 

Contractors remain concerned about the implications of tariffs going forward. 

Slowed spending is expected to continue in the coming months, industry economists say.