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has a shortage of nearly 500,000 workers, according to the Associated Builders and Contractors, a trade group.
Roughly 30% of workers in
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as copper and fabricated structural metal products, according to an Associated Builders and Contractors analysis of U.S. Bureau of Labor
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that target will require a major recruitment effort. The Associated Builders and Contractors estimates the industry will need to hire an
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over-year in May 2025, Anirban Basu, chief economist for the Associated Builders and Contractors, explained in a midyear economic update
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in June, according to analysis from the Associated Builders and Contractors industry group, while nonresidential construction input prices
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One in seven Associated Builders and Contractors members is under contract to perform work on a data center.
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tariff-related price hikes. In a May survey, the Associated Builders and Contractors trade group found 87% of its members had been notified
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2% in June compared to the previous month, according to an Associated Builders and Contractors analysis of U.S. Bureau of Labor Statistics’
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Associated Builders and Contractors reported that its Construction Backlog Indicator rose to 8.7 months in June, according to an ABC member
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Associated Builders and Contractors’ Construction Backlog Indicator increased to 8.7 months in June, up 0.3 months since June 2024.
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prices in response to broader market volatility. Analysts at Associated Builders and Contractors (ABC) report non-residential material costs
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Image: Adobe Stock)
That is according to the Associated Builders and Contractors’ (ABC) Construction Backlog Indicator and Construction
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The Associated Builders and Contractors' (ABC) Construction Backlog Indicator rose to 8.7 months in June, according to a member survey, the
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than a year ago, according to a member survey from the Associated Builders and Contractors. The trade group pushed its Construction Backlog
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demand and apply downward pressure on growth and prices.
Associated Builders and Contractors , however, reported nearly 60% of contractors
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and challenges for builders and consumers alike. According to an Associated Builders and Contractors analysis of U.S. Bureau of Labor
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... 's construction backlog indicator declines in May
Associated Builders & Contractors’ Construction Backlog Indicator fell to 8.4 ...
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due to tariffs in June," according to Anirban Basu, chief economist for the Associated Builders and Contractor (ABC) trade association.
And
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once their current workload dries up, said Anirban Basu, chief economist at the Associated Builders and Contractors.
“For the most part,
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2% in June compared to the previous month, according to an Associated Builders and Contractors’ analysis of U.S. Bureau of Labor Statistics’
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” a sweeping tax reform package that has been lauded by Associated Builders and Contractors (ABC) as a long-awaited victory for contractors
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