Eighty-eight percent of construction firms are having a hard time finding workers to hire, undermining efforts to build infrastructure and other projects as firms boost pay and embrace AI to cope with labor shortages
Few candidates have the basic skills needed to work in high-paying construction careers, forcing short-staffed contractors to find new ways to keep pace with demand and undermining efforts to build infrastructure and other projects, according to the results of a workforce survey conducted by the Associated General Contractors of America and Autodesk.
A worldwide survey by consultant Turner & Townsend shows the U.S. is the most expensive nation in terms of construction costs. New York City, San Francisco, Boston, Los Angeles, Chicago and Seattle all appear in the top 10 most expensive cities for construction.
On March 16, the Equipment Leasing & Finance Foundation released the March Monthly Confidence Index for the $1 trillion equipment finance industry. March’s index is 50.3, a decrease from the February index of 51.8.
As part of Women in Construction Week, the National Center for Construction Education & Research conducted interviews with 176 tradeswomen and analyzed 770 responses to a survey directed to women in the industry.
Billd’s National Subcontractor Market Report survey showed that materials and labor cost subcontractors $97 billion more than expected last year, according to Zachary Phillips of Construction Dive. Billd is a construction financial support company based in Austin, Texas.
New industry outlook survey shows contractors expect infrastructure and other public-sector funding will help as growth slows for many types of private construction, but labor shortages and supply chain issues persist
Construction contractors are less optimistic about many private-sector segments than they were a year ago, but their expectations for the public sector market have remained relatively bullish, according to survey results released Jan. 4 by the Associated General Contractors of America and Sage. The findings are detailed in High Hopes for Public Sector Funding Amid Workforce and Supply Chain Challenges: The 2023 Construction Hiring & Business Outlook.
The U.S Department of Labor’s Wage and Hour Division announced it will be asking the building construction industries to participate in Davis-Bacon Act wage surveys in FY 2023 to help the agency establish prevailing wage rates, as required under the Davis-Bacon and Related Acts.
More than half of U.S. contractors (55 percent) say finding enough skilled workers is one of the biggest barriers to growing their business. Inflation (57 percent), insufficient labor (51 percent) and long hours (37 percent) are the three most significant challenges currently facing U.S. contractors.
The Center for the Polyurethanes Industry announced on Oct. 5 that The 2021 End-Use Market Survey on the Polyurethanes Industry in the United States, Canada and Mexico is now available for purchase from the ACC store. The study is the result of a three-year survey on the polyurethanes industry in the United States, Canada and Mexico.