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Nonresidential Construction Spending Down 0.2% in December; Data Centers and Manufacturing Make Up 94% of Spending Increase in 2024

ABC National nonresidential construction spending decreased 0.2% in December 2024, 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 $1.241 trillion. Spending was down on a monthly basis in 9 of the 16 nonresidential subcategories. Private nonresidential spending…

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What Was in Gov. Hochul’s 2025 Budget Address?

What Was in Gov. Hochul’s 2025 Budget Address? Stay informed on how the Governor’s budget address could impact the construction industry and your business. This page highlights key proposals, funding initiatives, and policy changes that were included in the budget, with a focus on issues that matter most to our members. Whether it’s infrastructure investments,…

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Court Rules Biden Project Labor Agreement Rule Illegal

ABC Associated Builders and Contractors today celebrated a decision from the U.S. Court of Federal Claims that rules in favor of ABC members that filed bid protests challenging former President Joe Biden’s controversial policy requiring anti-competitive, inflationary, union-favoringĀ project labor agreementsĀ on federal construction projects of $35 million or more. Judge Ryan T. Holte’s Jan. 19 ruling…

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ABC Reacts to 2025 State of the State

ABC The Associated Builders and Contractors, Empire State Chapter, acknowledges Governor Hochul’s focus on infrastructure, affordable housing, and green energy in her State of the State address.Ā These are critical issues for New York, but talk is cheap. New Yorkers need results, not empty promises or half-measures that fail to address the state’s affordability crisis. ā€œTax…

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Construction Underperforms Broader Economy in December Jobs Report

ABC The construction industry added just 8,000 jobs on net in December, according to an Associated Builders and Contractors analysis of data released today by the U.S. Bureau of Labor Statistics. On a year-over-year basis, industry employment has increased by 196,000 jobs, an increase of 2.4%.Ā  Nonresidential construction employment increased by 4,700 positions on net,…

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ABC: Construction Labor Churn at Historic Lows in November

ABC WASHINGTON, Jan. 7—The construction industry had just 276,000 job openings on the last day of November 2024, 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 as any unfilled position for which an employer is…

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ABC To Celebrate 75 Years of Building America at ABC Convention 2025 in Las Vegas

ABC Associated Builders and Contractors today announced that the association will turn 75 on June 1, 2025. To commemorate the milestone, ABC and its members will gather at several commemorative events, beginning with ABC Convention 2025 in Las Vegas. ā€œFor 75 years, members of Associated Builders and Contractors have built the places where communities across…

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New York’s FĀ Grade: 50 out of 51 in Construction Environment

ABC Associated Builders and Contractors (ABC) has released its 10th annualĀ MeritĀ ShopĀ Scorecard, and New York has once again found itself languishing at the bottom, ranking 50th out of 51. The state’s consistent failure to foster a healthy construction environment has earned it a resounding F grade. This ranking is based on a series of state laws,…

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Monthly Construction Input Prices Unchanged in November

ABC WASHINGTON,Ā Dec. 12 — Construction input prices were unchanged in November compared to the previous month, according to an Associated Builders and Contractors analysis of U.S. Bureau of Labor Statistics’ Producer Price Index data released today. Nonresidential construction input prices increased 0.1% for the month. Overall construction input prices are 0.5% higher than a year ago,…

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ABC Hails Senate for Blocking McFerran

ABC Associated Builders and Contractors today issued the following statement applauding the U.S. Senate for voting down the confirmation of Lauren McFerran to a third term as chair of the National Labor Relations Board, 49-50. ā€œMcFerran’s tenure has been the subject of multiple congressional hearings, oversight investigations and press reports highlighting the NLRB’s failures,ā€ said…

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