A new industry survey finds 92 percent
of construction firms face hiring challenges, leading to delays, higher costs, and renewed calls for workforce and immigration reforms.
Association urges administration to abandon plans to impose additional tariffs, which may drive up construction costs, disrupt supply chains and undermine project delivery.
Association urges administration to abandon plans to impose additional tariffs, which may drive up construction costs, disrupt supply chains and undermine project delivery.
Increases in nonresidential construction employment were tempered by declines in residential construction jobs; average hourly earnings up 4.7 percent as unemployment rate falls to 3.5 percent.
Increases in nonresidential construction employment were tempered by declines in residential construction jobs; average hourly earnings up 4.7 percent as unemployment rate falls to 3.5 percent.
Association survey finds that most contractors expect to increase headcount in 2025 amid optimism about expanding opportunities for nearly all project types, but they are worried about workforce and tariffs
Construction-sector employment increased by 8,000 positions in December as the industry’s headcount and wages in 2024 both rose faster than in the broader economy, according to an analysis of new government data the Associated General Contractors of America released on Jan. 10.
New industry outlook shows that firms are worried about the impacts of President-elect Trump’s trade and immigration policies, even as they increase investments in artificial intelligence and other technologies to boost productivity
Construction contractors are optimistic about certain private-sector segments and have high hopes for most types of public-sector work, according to survey results the Associated General Contractors of America and Sage released on Jan. 8.
The Architecture Billings Index from the American Institute of Architects rose above 50 in October for the first time in 20 months, indicating an increase in billings. “Billings finally stabilized this month, and firms are feeling more optimistic about revenue projections for 2025,” said Kermit Baker, chief economist at the AIA.
Hurricane Milton’s destructive winds caused significant structural damage across Florida, particularly in Tampa and St. Petersburg. A construction crane collapsed into the Tampa Bay Times building, leaving a gaping hole in its side, while winds also tore off Tropicana Field’s roof.