Contractors Association Prepares Updated Construction Inflation Alert as Tight Labor Market, Soaring Materials Costs, and Supply Chain Disruptions Threaten to Delay Projects and Undercut Further Job Gains
Construction employment dipped by 5,000 jobs between December and January even though hourly pay rose at a record pace in the past year, according to an analysis by the Associated General Contractors of America of government data.
New Industry Outlook Shows Contractors Expect a Boost from the Bipartisan Infrastructure Bill and Broad-Based Private-Sector Demand, Except for Retail and Office Construction, If They Can Find Workers and Materials
Construction contractors expect increasing demand for numerous types of projects in 2022 despite ongoing supply chain and labor challenges, as most firms plan to add workers this year.
Sacramento--Roseville--Arden-Arcade, Calif. and Worcester, Mass. Post Largest Year-over-Year Increases; Nassau County-Suffolk County, N.Y. and Evansville, Ind.-Ky. Experience the Worst Declines over 12 Months
Without question, the building and construction industry has been impacted by the COVID-19 outbreak. Approximately 1.1 million construction jobs were eliminated in the first two months of the pandemic prior to the industry’s designation as “essential.” While the industry has recouped nearly 80 percent of its workforce since then, companies will need to hire another 1 million workers over the next two years to meet the country’s insatiable demand for new home construction and improvement.
Construction Officials Call on Biden Administration and Congress to Take Steps to Address Supply Chain Problems That are Affecting Many Construction Projects, Undermining Industry’s Recovery
Procore Technologies, Inc., a provider of construction management software, announced it has acquired LaborChart, a provider of workforce management software for specialty contractors and self-performing general contractors.
ClarkDietrich has launched a new interactive educational lunch-and-learn series called “Conversations With ClarkDietrich.” The series was kicked off with an event on October 15 at Dallas-based MAREK Design Studio and was focused on head-of-wall framing solutions.
It is no secret that the U.S. is suffering from a post-pandemic labor shortage. The commercial construction industry was already suffering labor losses prior to Covid-19 and is finding it even more difficult now to attract skilled and general labor.
Eighty-Nine Percent of Contractors Are Having a Hard Time Finding Craft Workers, While 88 Percent of Firms Are Experiencing Project Delays and 93 Percent Are Affected by Rising Materials Prices
AGC and Autodesk's survey results underscore how the coronavirus pandemic has created constraints on the demand for work even as it limits the number of workers available to hire.