The Associated Builders and Contractors (ABC) announced that its Construction Backlog Indicator (CBI) reached an all-time high in the second quarter of 2014. The CBI improved 5.4 percent following a 2.8 percent decline in the first quarter. It currently stands at 8.5, up 3.6 percent on a year-over-year basis.
Silver Oak Services Partners announced that it has led the recapitalization of Construction Labor Contractors (CLC), in partnership with the company’s founder and management. CLC is a leading provider of skilled trades temporary staffing for the commercial construction market.
The Occupational Safety and Health Administration (OSHA) has announced a national safety stand-down from June 2 to 6 to raise awareness among employers and workers about the hazards of falls, which account for the highest number of deaths in construction.
After starting out the year on a positive note, there was another minor increase in the Architecture Billings Index (ABI) in February. A leading economic indicator of construction activity, the American Institute of Architects (AIA) reported the February ABI score was 50.7, up slightly from a mark of 50.4 in January.
Total construction spending in January 2014 posted the largest year-over-year increase since 2006, with growth in both public construction and private residential and nonresidential spending.
York’s Quality Education & Training Center is working with a local organization called Save Our Veterans (SOV) to teach trained military personnel new skills pertinent to a profession in HVACR.
Total construction spending in January posted the largest year-over-year increase since 2006, with growth in public construction as well as private residential and nonresidential spending, according to an analysis of new Census Bureau data by the Associated General Contractors of America (AGC).
The Associated Builders and Contractors (ABC) Construction Backlog Indicator (CBI) hit a post-recession high in the fourth quarter of 2013, growing from 8.2 months to 8.3 months (1.3 percent). Compared to the prior year, the CBI is 3.9 percent higher — up from 8 months at the end of 2012.