Weather may account for conflicting trends on spending and jobs as construction officials warn of labor shortages and regulatory delays, urge public officials to ease red tape, boost construction training
Total construction spending decreased by 0.4 percent in December, yet industry job openings at the end of the month set a new high for December, according to an assessment the Associated General Contractors of America conducted Feb. 1 of two new federal data sets.
Association officials urge Biden Administration to address infrastructure regulatory and funding delays, released 2023 outlook during virtual briefing on Jan. 4 offering hiring and market predictions
Total construction spending increased by 0.2 percent in November, dragged down by a lack of new infrastructure projects along with a continuing slide in homebuilding, according to an analysis the Associated General Contractors of America released Jan. 3 of federal spending data. Association officials urged leaders in Washington to speed the release of funds authorized by infrastructure laws passed in 2021 and 2022 and address regulatory delays associated with those projects.
Construction spending declines 0.3 percent from September with decreases for residential, commercial, highway and manufacturing segments; contractors fill less than half the open positions in October
Total construction spending decreased by 0.3 percent for the month of October, with downturns in homebuilding and most major nonresidential categories, according to an analysis the Associated General Contractors of America released Dec. 1 of federal spending data. Association officials noted contractors are struggling to complete projects as the number of open positions at the end of October topped hires in the month.
Construction spending hits $1.811 trillion in September, driven by big boosts in annual manufacturing, lodging & commercial activity, transportation investments lag as regulations bog down infrastructure
Total construction spending increased by 0.2 percent for the month of September and by 10.9 percent for the year, as nonresidential construction activity now outpaces residential construction, according to an analysis the Associated General Contractors of America released on Nov. 1 of federal spending data. Association officials noted that gains in public sector transportation construction have lagged other fast-growing segments as officials grapple with Buy America and other new regulatory requirements.
Construction association officials say demand for housing and developer-financed projects getting crushed by rising interest rates, but infrastructure, power and manufacturing could gain steam soon
Total construction spending declined by 0.7 percent in August as spending on new houses turned sharply lower, while public and private nonresidential construction posted mixed results, according to an analysis the Associated General Contractors of America released on Oct. 3 of federal spending data. Association officials said that rising interest rates were hurting demand for housing and many private-sector projects, while the impacts of new federal funding for infrastructure, semiconductor plants and green energy facilities have yet to fully kick in.
Construction association survey finds labor shortages and supply chain problems are constraining further nonresidential growth; officials urge public leaders to reform training and immigration policies
Total construction spending decreased by 0.4% in July as spending on new houses and apartments tumbled, overshadowing a pickup in private nonresidential and public construction, according to an analysis the Associated General Contractors of America released on Sept. 1 of federal spending data.
Construction Association official says supply chain challenges and lack of workers is suppressing demand for new construction amid higher construction costs and longer schedules
Total construction spending fell by 1.1% in June as spending on new housing and nonresidential projects declined compared to May, according to an analysis the Associated General Contractors of America released today of federal spending data. Association officials said that the construction spending figures are being impacted as materials and labor shortages are slowing schedules and increasing the cost of construction.
According to a new report from AIA, the nonresidential building sector is expected to see a healthy rebound through next year after failing to recover with the broader economy last year.
Construction Officials Call for Swift Passage of the Bipartisan Infrastructure Bill, Noting the Measure Will Help Offset Continued Declines in Nonresidential Construction Activity and Create Sector Jobs
Demand for different types of construction continued to diverge in June as residential construction increased for the month and the year while nonresidential construction spending fell...again.
Construction Officials Say New Infrastructure Investments, Tariff Relief for Key Construction Materials are Needed to Help Contractors Cope with Continued Economic Impacts of the Pandemic
Nonresidential construction spending fell to a two-year low in March as contractors struggled with slumping demand for most project types and growing shortages of materials, transport, and workers, according to an analysis of new federal construction spending data by the Associated General Contractors of America.