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New AI resource guide details tech solutions for building contractors

Archinect

The industry group Associated Builders and Contractors (ABC) has just published a new guide to AI resources for contractors working closely with architects on building projects across the U.S.

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Top 10 U.S. contractors ranked by Engineering News-Record

Archinect

Engineering News-Record has released its 2023 rankings , listing the top commercial contractors in the United States. The companies were ranked by construction revenue in 2022. New York dominates the top 10 ranking with three firms, including the top spot, becoming the only state to hold more than one contractor in the top 10.

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Construction still ranks as one of the deadliest industries in the U.S., according to new survey

Archinect

Construction workers died at a rate of 9.4 Worker death rate across all industries was 3.6 This comes after news that construction site staffing has returned to pre-pandemic levels. It isn’t,” Brian Turmail of the Associated General Contractors of America told Construction Dive bluntly.

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Demand for construction workers remains high as overall U.S. labor demand dips

Archinect

The nationwide demand for labor is dulling, but construction still faces a shortage of workers. Construction counted 363,000 job openings at the end of July, according to the Bureau of Labor Statistics, a decrease of 23,000 jobs from June. The demand for construction workers , however, still remains high.

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‘No sign of a construction recession in the near term,’ says ABC Chief Economist

Archinect

The Associated Builders and Contractors’ Chief Economist Anirban Basu has struck an optimistic note about the near-term health of the construction industry. The assessment comes as ABC releases its latest Construction Backlog Indicator, which found that backlogs declined to 9.2 months in August from 9.3

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Construction Backlog Indicator reaches highest level since 2019

Archinect

The Associated Builders and Contractors (ABC) has reported that its Construction Backlog Indicator (CBI) has increased to 9.2 ABC’s CBI measures the amount of work that will be performed by commercial and industrial contractors in the months ahead. This reading is 0.4 months up from October and a 0.8-month

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Despite salary increases, construction job openings remain at a record high

Archinect

A major increase in hourly wages has not stopped a record number of unfilled positions in the construction industry, according to a new analysis by the Association of General Contractors of America (AGC). The unemployment rate in construction also fell from 6.7%