New industry outlook shows firms are counting on public sector, data center and manufacturing construction to offset declines in retail, lodging and office work; two-thirds of firms plan to hire but many worry about inflation
January 6, 2024
Construction contractors have a decidedly mixed outlook for 2024, as firms predict transitions in demand for projects, the types of challenges they will face and the technologies, including artificial intelligence, they will embrace, according to survey results the Associated General Contractors of America and Sage released Jan. 4.
Eighty-eight percent of construction firms are having a hard time finding workers to hire, undermining efforts to build infrastructure and other projects as firms boost pay and embrace AI to cope with labor shortages
September 7, 2023
Few candidates have the basic skills needed to work in high-paying construction careers, forcing short-staffed contractors to find new ways to keep pace with demand and undermining efforts to build infrastructure and other projects, according to the results of a workforce survey conducted by the Associated General Contractors of America and Autodesk.
A worldwide survey by consultant Turner & Townsend shows the U.S. is the most expensive nation in terms of construction costs. New York City, San Francisco, Boston, Los Angeles, Chicago and Seattle all appear in the top 10 most expensive cities for construction.
As part of Women in Construction Week, the National Center for Construction Education & Research conducted interviews with 176 tradeswomen and analyzed 770 responses to a survey directed to women in the industry.
Billd’s National Subcontractor Market Report survey showed that materials and labor cost subcontractors $97 billion more than expected last year, according to Zachary Phillips of Construction Dive. Billd is a construction financial support company based in Austin, Texas.
New industry outlook survey shows contractors expect infrastructure and other public-sector funding will help as growth slows for many types of private construction, but labor shortages and supply chain issues persist
January 15, 2023
Construction contractors are less optimistic about many private-sector segments than they were a year ago, but their expectations for the public sector market have remained relatively bullish, according to survey results released Jan. 4 by the Associated General Contractors of America and Sage. The findings are detailed in High Hopes for Public Sector Funding Amid Workforce and Supply Chain Challenges: The 2023 Construction Hiring & Business Outlook.
More than half of U.S. contractors (55 percent) say finding enough skilled workers is one of the biggest barriers to growing their business. Inflation (57 percent), insufficient labor (51 percent) and long hours (37 percent) are the three most significant challenges currently facing U.S. contractors.
1.6% growth rate in polyurethane production between 2018 – 2021
September 25, 2022
The Center for the Polyurethanes Industry announced the results of a three-year survey on the polyurethanes industry in the United States, Canada and Mexico on Sept. 6. The 2021 End-Use Market Survey on the Polyurethanes Industry in the United States, Canada and Mexico shows that polyurethane production rose to over 9.4 million pounds.