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An ABC Member’s Guide to The 2024 New York State Legislative Session
An ABC Member’s Guide to the 2024 New York State Legislative Session The 2024 New York Legislative Session has officially ended. In total, the Senate and Assembly passed 1,679 and 960 bills, respectively; 805 of these bills have passed both houses and will await action by the Governor over the next several months. While the…
Construction Job Openings Decrease By 8,000 in April, Fall to Lowest Level Since March 2023
The construction industry had 338,000 job openings on the last day of April, 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 actively recruiting. Industry job openings…
Led by Energy, Construction Materials Prices Surge in April
Construction input prices increased 0.5% in April 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 0.6% for the month. Overall construction input prices are 2.3% higher than a year ago, while nonresidential construction…
ABC Calls for Inclusive Infrastructure Policies During United for Infrastructure Week
Associated Builders and Contractors today issued the following statement supporting United for Infrastructure’s 12th annual Infrastructure Week, May 13-17. “The importance of quality, safe, dependable infrastructure cannot be understated, and we must build public works projects to deliver the most value for the taxpayer and our communities,” said Ben Brubeck, ABC vice president of regulatory, labor and…
How New York Wastes Billions
Time and time again, elected officials in Albany are choosing to waste taxpayer funds by mandating unnecessary labor requirements that do nothing to benefit the project or the workers on those projects and increase the amount New York taxpayer pay for construction. Why do they do these harmful mandates? That answer is simple and endemic…
National Safety Week 2024
Every day, ABC members prioritize safety on job sites. We understand that safety requires innovation, skill, talent, and a proven strategy to create industry-leading programs. Top-performing ABC members actively build health and safety into their culture, fueling the power and purpose in their people to deliver for their clients. Since it’s National Safety Week, we would…
Poughkeepsie’s Housing Fiasco
A recent study in Poughkeepsie confirmed that they are experiencing the same thing happening across New York State: a significant housing crisis. With a vacancy rate of under 4%, it’s correct to call this situation a housing emergency; a healthy city has a vacancy rate of around 10%, and anything less than 4% is a major…
DOL’s Overtime Salary Level Threshold Increase Will Harm Small Businesses, Says ABC
Associated Builders and Contractors today issued the following statement opposing the U.S. Department of Labor’s final rule that will change overtime regulations under the Fair Labor Standards Act. The final rule increases the minimum annual salary level threshold for exemption in two phases: from the current level of $35,568 to $43,888 on July 1, 2024,…
ABC Members One-Stop Guide to the FY-25 State Budget
19 days late… New York State finally has a budget deal in place. Lawmakers passed a whopping $237 billion budget early Saturday evening. This budget is $8 billion more than last year’s $229 billion budget. Most notably, the Governor made a deal on housing, which was one of the key parts holding up the final…
Construction Backlog Indicator Rebounds in March, Contractor Confidence Improves
Associated Builders and Contractors reported today that its Construction Backlog Indicator increased to 8.2 months in March from 8.1 months in February, according to an ABC member survey conducted March 20 to April 3. The reading is down 0.5 months from March 2023. View ABC’s Construction Backlog Indicator and Construction Confidence Index tables for March. View the full Construction…