Home Posts tagged Associated Builders and Contractors
Daily News

Paul Asselin

WOBURN — The Massachusetts chapter of Associated Builders and Contractors announced that Paul Asselin, Gould Construction Institute instructor, is the 2024 ABC National Craft Instructor of the Year. Asselin was honored at the 2024 ABC Convention in Orlando, Fla. on March 13.

ABC presents the annual Craft Instructor of the Year Award to an outstanding instructor with a passion for their craft, creativity, a positive attitude, and the ability to transfer knowledge through excellent communications skills and forward-thinking teaching to future construction professionals.

With nearly 40 years of experience in the construction industry, Asselin has taught basic through advanced electrical courses since 2001. He is the training manager for Elm Electrical Inc. in Westfield, where he has worked since 1983. He is also the wiring inspector for his hometown of Russell and previously served as chair of Westfield Technical Academy’s general advisory board and electrical shop advisory board.

“Problem solving is a daily occurrence,” Asselin said. “From the field to the classroom, it’s important that we, as craft professionals, know how to solve problems. As I tell my students, it is about training your brain to problem-solve, which we do our whole lives. Technology and safety awareness are vital components of our industry and are important tools in the way I teach, work, and volunteer in my community.”

As Craft Instructor of the Year, Asselin received a $10,000 cash prize. Co-sponsors of Craft Instructor of the Year are the National Center for Construction Education and Research, the training, assessment, certification, and career-development standard for the construction industry; and Tradesmen International, North America’s premier craft-professional staffing resource. Asselin will also be profiled in the June issue of Construction Executive magazine.

“Holding dozens of electrical and teaching certifications, Paul utilizes his electrical expertise to better his community and the construction industry as well as the next generation of craft professionals,” said Buddy Henley, 2024 national chair of the ABC board of directors and president of Henley Construction Co. Inc. in Gaithersburg, Md.

“A truly outstanding teacher whose excellence extends beyond the classroom, Paul’s nominator said that he wholeheartedly embraces any opportunity for professional development and is just as adept at teaching simple topics as more advanced ones, which is attributable to his excellent written and verbal communication skills,” Henley added. “Congratulations, Paul, on this honor, and I appreciate how you have furthered the industry and career pathways for countless electricians.”

Daily News

WASHINGTON, D.C. — National non-residential construction spending grew 0.9% in November, according to an Associated Builders and Contractors (ABC) analysis of data published by the U.S. Census Bureau. On a seasonally adjusted annualized basis, non-residential spending totaled $930.1 billion for the month.

Spending was up on a monthly basis in nine of the 16 non-residential subcategories. Private non-residential spending was up 1.7%, while public non-residential construction spending was down 0.1% in November.

“The average non-residential contractor starts 2023 with considerable backlog,” ABC Chief Economist Anirban Basu said. “Not coincidentally, contractors also have significant confidence regarding current-year prospects, according to ABC’s Construction Confidence Index, which indicates expectations for growth in sales and employment with margins remaining stable.

“November’s construction spending report suggests that this confidence is warranted,” Basu noted. “However, there are countervailing considerations. First, growth in non-residential construction spending in November was not especially broad. Much of the growth came from the manufacturing category, which is partially attributable to construction related to large-scale chip-manufacturing facilities. The balance of growth came mostly from conservation and development, which includes flood-control expenditures. Were it not for those two categories, non-residential construction spending would have been roughly flat in November.

“Second, backlog could dry up,” Basu went on. “Anecdotal evidence suggests that banks are more cautious in their lending to the commercial real-estate and multi-family segments. Fears of recession this year remain pervasive in an environment characterized by high and rising interest rates. It will be interesting to see how well backlog will hold up as contractors continue to build and the economy heads toward what is likely to be a Federal Reserve-induced recession.”

Daily News

WASHINGTON, D.C. — Associated Builders and Contractors (ABC) reported that its Construction Backlog Indicator remained unchanged at 8.7 months in August, according to an ABC member survey conducted Aug. 22 to Sept. 7. The reading is a full month higher than in August 2021.

Backlog is down from the levels of the second quarter of 2022 but remains higher than at any point from March 2020 to March 2022. While the CBI reading fell for contractors in the South in August, it remains the U.S. region with the lengthiest backlog.

ABC’s Construction Confidence Index readings for sales, profit margins, and staffing levels increased in August. The index for profit margins bounced back into positive territory, while the sales and staffing level indices remained above 50, indicating expectations of growth over the next six months.

“Despite the high risk of recession, contractors collectively expect sales, employment, and profit margins to grow over the next six months,” ABC Chief Economist Anirban Basu said. “Backlog is down from the cyclical peak in early 2022 and has been roughly flat in recent months.

“The buoyancy of the nation’s non-residential construction marketplace is really quite remarkable,” Basu added. “Rising interest rates have already driven the single-family homebuilding market into recession, but brisk non-residential activity continues. Many non-residential contractors are operating at capacity, and their principal frustrations relate to supply-side issues like worker shortages, equipment-delivery delays, and elevated materials prices, as opposed to demand for their services.”

Daily News

WASHINGTON, D.C. — National non-residential construction spending increased 0.8% in July, according to an Associated Builders and Contractors (ABC) analysis of data published by the U.S. Census Bureau. On a seasonally adjusted annualized basis, non-residential spending totaled $847.6 billion for the month.

Spending was up on a monthly basis in 13 of the 16 non-residential subcategories. Private non-residential spending was up 0.4%, while public non-residential construction spending was up 1.5% in July.

“The non-residential sector continues to grapple with rising borrowing costs, elevated material and labor costs, and pervasive economic pessimism,” ABC Chief Economist Anirban Basu said. “Despite a modest increase in July, non-residential construction spending remains below its pre-pandemic level. There is, however, at least one bright spot for the industry: publicly financed construction. State and local governments are flush with cash, and considerable funding is slated for various forms of infrastructure. In July, spending in the highway and street category increased 4.4%, while spending in the public safety category rose 2.3%.

“For privately financed construction, circumstances could get worse before they get better,” Basu added. “The Federal Reserve recently recommitted to further tightening monetary policy. Market sentiment quickly turned negative. Rather than disappear, supply-chain challenges are proliferating in much of the world, including in Europe and China, and the risk of recession is elevated. This is simply not a set of circumstances conducive to rapid non-residential construction spending growth, and according to the most recent Construction Confidence Index, just 31% of contractors expect their profit margins to grow over the next six months.”