Articles Tagged with ''supply chain''

The price of materials and services used in nonresidential construction jumped 12.6 percent in September from a year earlier despite a dip of 0.2 percent last month, according to an analysis by the Associated General Contractors of America of government data released Oct. 12. Association officials note that the construction industry was suffering the most from inflation, adding that new Buy America rules set to go into effect as soon as next month will only make the situation more dire.

Construction employment climbed in 31 states from July to August, according to a new analysis of federal employment data released by the Associated General Contractors of America on Sept. 16. The gains come even as the vast majority of contractors report they would have added more workers if they could find them, according to a survey the association released at the end of August.

The price of materials and services used in nonresidential construction declined by 1.1 percent from July to August as a steep drop in fuel prices masked increases in the cost of other construction inputs, according to an analysis by the Associated General Contractors of America of government data released on Sept. 14. Association officials cautioned that limited price declines cannot undo the harm of clogged supply lines and labor shortages.

The price of materials and services used in nonresidential construction fell 1.3% last month, while contractors’ bid prices rose 5.4%, according to an analysis by the Associated General Contractors of America of government data released today. Association officials noted that, despite the monthly decline, materials prices remain high and the availability of certain key materials is erratic.

Construction employment fell in 61 and was unchanged in another 51 out of 358 metro areas between June 2021 and June 2022, according to an analysis by the Associated General Contractors of America of new government employment data. Association officials noted that employment was falling or stagnant in nearly one-third of metro areas at a time when many construction firms are struggling to find enough qualified workers to hire and cope with supply chain challenges and rising materials prices.

At a time when the contractor industry is still feeling the supply-chain crunch, California’s legal stance on independent contractors, including 70,000 truckers specifically could make things worse, says Legal Insights expert Trent Cotney, of Adams and Reese.

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.

Wall and ceiling professionals today face numerous challenges: a global pandemic, the affects it has had on the global supply chain, and how they respond to customers, prospects and the public using the latest communications tools.

Ongoing supply issues facing contractors may be further complicated by human rights violations in China, warns Trent Cotney, partner at Adams and Reese.