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Home » Keywords: » Associated General Contractors of America

Items Tagged with 'Associated General Contractors of America'

ARTICLES

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Construction Adds 28,000 Employees in December and Raises Pay 6.1 Percent

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
January 21, 2023
One Comment

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.


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Construction Firms Look to Public Sector Demand as Outlook for Private-Sector Projects Dims In 2023

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
No Comments

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.


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Construction Spending Edges Up 0.2 Percent in November

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
January 13, 2023
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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.


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Construction Employment Grows in 268 of 358 Metro Areas from November 2021 to 2022

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
January 7, 2023
No Comments

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.


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Construction Materials’ Costs Rise 10.1 Percent Between November 2021 and November 2022

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
December 29, 2022
No Comments

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.


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Construction Group Releases Public Service Videos to Help Reduce Suicide and Addiction

New videos featuring stories from workers who overcame challenges are part of the Associated General Contractors of America’s efforts to address high rates of suicide in construction
December 26, 2022
No Comments

The Associated General Contractors of America released a series of video public service ads Dec. 6 that feature real industry professionals who have felt the impact of suffering with mental health issues while trying to maintain the normalcy of day-to-day life and work. These videos are part of the association’s ongoing efforts to combat high suicide rates and improve mental health among the industry’s workers.


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Construction Adds 20,000 Employees in November as Average Hourly Pay Jumps More Than 6 Percent

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
December 24, 2022
No Comments

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.


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Construction Spending Slips in October as Worker Shortages Slow Project Completion Times

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
December 22, 2022
No Comments

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.


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Construction Employment Increases in 75 Percent Of Metro Areas from October 2021 to October 2022

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
December 18, 2022
No Comments

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.


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Construction Bid Prices Jump in October Amid Mixed Costs for Materials

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
December 6, 2022
No Comments

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.


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