Another round of steep price increases and supply-chain disruptions are wreaking hardships on contractors, driving up construction costs and slowing projects, according to an analysis by the Associated General Contractors of America of government data released. 

The Foundation released the December 2020 Monthly Confidence Index for the Equipment Finance Industry. The Foundation also released highlights of the COVID-19 Impact Survey of the Equipment Finance Industry. 

Construction firms are experiencing widespread project deferrals and cancellations, along with disruptions to ongoing work and few new project awards, as the economic damage from the pandemic drags down industry employment in metro areas across the nation, according to a new survey and an analysis of new government data that the Associated General Contractors of America released today.

Thirty-nine states lost construction jobs between August 2019 and August 2020 while 31 states and the District of Columbia added construction jobs between July and August according to an analysis of Labor Department data released by the Associated General Contractors of America.

The coronavirus has harmed the construction industry, prompting project delays and cancellations, layoffs and furloughs, yet it remains difficult for a majority of firms to find craft workers to hire, according to the results of a workforce survey conducted by the Associated General Contractors of America and Autodesk.

The COVID-19 outbreak in the United States has undoubtedly affected construction projects, pipelines and teams nationwide. 

Construction employment increased in 329 out of 358 metro areas between April and May as a new survey finds that two-thirds of highway construction firms had at least one crash in the past year at highway work zones they operate.

A new survey by the Associated General Contractors of America and data from construction technology firm Procore show that construction activity is returning to pre-coronavirus levels in many parts of the country and some firms are adding workers. 

Construction employment declined in more than nine out of 10 metro areas from March to April, a time when industry employment typically increases in most locations.

Construction spending plunged in April as governmental agencies and project owners shut down ongoing work and canceled projects that were about to break ground, according to an analysis by the Associated General Contractors of America of government data released today.