This website requires certain cookies to work and uses other cookies to help you have the best experience. By visiting this website, certain cookies have already been set, which you may delete and block. By closing this message or continuing to use our site, you agree to the use of cookies. Visit our updated privacy and cookie policy to learn more.
This Website Uses Cookies By closing this message or continuing to use our site, you agree to our cookie policy. Learn MoreThis website requires certain cookies to work and uses other cookies to help you have the best experience. By visiting this website, certain cookies have already been set, which you may delete and block. By closing this message or continuing to use our site, you agree to the use of cookies. Visit our updated privacy and cookie policy to learn more.
Association survey finds contractors optimistic about adding workers in 2023 but worried about finding enough workers to fill positions; calls for immigration reform and investments in construction education
Construction firms added 28,000 employees in December and continued to raise wages for hourly workers more than other sectors, as the industry’s unemployment rate fell to a record low for the month, according to an analysis by the Associated General Contractors of America of new government data.
Association officials urge Biden Administration to address infrastructure regulatory and funding delays, released 2023 outlook during virtual briefing on Jan. 4 offering hiring and market predictions
Total construction spending increased by 0.2 percent in November, dragged down by a lack of new infrastructure projects along with a continuing slide in homebuilding, according to an analysis the Associated General Contractors of America released Jan. 3 of federal spending data. Association officials urged leaders in Washington to speed the release of funds authorized by infrastructure laws passed in 2021 and 2022 and address regulatory delays associated with those projects.
Houston-The Woodlands-Sugar Land, Texas, and Provo-Orem, Utah, have largest 12-month gains, while Orlando-Kissimmee-Sanford, Florida, has lost the most total jobs and has the fastest rate of annual decline
Construction employment increased in 268 of 358 metro areas between November 2021 and November 2022, according to an analysis by the Associated General Contractors of America of new government employment data. Association officials said the job gains likely would have been higher, but that many contractors report that demand for new projects is outpacing the availability of workers in many parts of the country.
New data shows the construction industry continues to struggle to offset rising prices for materials and subcontractor services, as price decline in latest month fails to offset annual cost increases
The price of materials and services used in nonresidential construction continued rising at a double-digit rate in November from a year earlier, propelled by outsized increases in the cost of a variety of building materials, according to an analysis by the Associated General Contractors of America of government data released Dec. 9. Association officials noted that contractors are having to pay more both for materials and for the subcontractor services they need to finish most projects.
But record-tying low unemployment rate of 3.9 percent and elevated number of job openings suggest construction industry continues to fall short of hiring as many workers as it needs
Construction companies added 20,000 employees in November and continued to raise wages for hourly workers more steeply than other sectors as the industry’s unemployment rate tumbled, according to an analysis by the Associated General Contractors of America of new government data. Association officials said the data shows that firms would have added significantly more workers if they could find more people to hire.
Construction spending declines 0.3 percent from September with decreases for residential, commercial, highway and manufacturing segments; contractors fill less than half the open positions in October
Total construction spending decreased by 0.3 percent for the month of October, with downturns in homebuilding and most major nonresidential categories, according to an analysis the Associated General Contractors of America released Dec. 1 of federal spending data. Association officials noted contractors are struggling to complete projects as the number of open positions at the end of October topped hires in the month.
The stucco market is evaluated by Construction Activity (New and Renovation Construction), Product (Traditional Three-coat Stucco, EIFS and Newer-one Coat Stucco), Insulation Type (Insulated Siding and Non-insulated Siding) and End Use (Residential and Nonresidential) in a report published by Allied Market Research, titled “Opportunity Analysis and Industry Forecast, 2019-2026.”
Houston-The Woodlands-Sugar Land, Texas, and Provo-Orem, Utah, post the largest year-over-year gains; Orlando-Kissimmee-Sanford, Florida, and Baton Rouge, Louisiana, experience the worst decreases over 12 months
Construction employment increased in 268, or 75 percent, of 358 metro areas between October 2021 and October 2022, according to an analysis by the Associated General Contractors of America of new government employment data. Association officials noted, however, that job vacancies outpaced hiring, as construction firms struggle to find enough qualified workers to hire.
SWACCA’s public policy team is pleased that another multi-year advocacy campaign has ended in success. Since the summer of 2020, SWACCA has been at the forefront of an effort with its allies in the Construction Employers of America and its union partners to reverse regulations that negatively altered the analysis trustees of ERISA plans must use when assessing plan investments.
Association officials caution that higher construction costs could undermine demand for projects, urge Biden Administration to remove tariffs on key materials, continue to untangle supply chains
A measure of construction contractors’ bid prices moved sharply higher in October as firms coped with ongoing supply chain challenges and a tight labor market, according to an analysis by the Associated General Contractors of America of government data released Nov. 15. Association officials said rising construction costs threaten to undermine demand for projects and urged administration officials to remove remaining tariffs on construction materials and to boost investments in construction-focused education and training.