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Nonresidential Construction Sector Has Yet to Hit Pre-pandemic Levels Amid Supply Chain Disruptions & Delays. Association Officials Noted that Supply Chain Problems and Materials Price Increases are Impacting Demand for Nonresidential Projects, Prompting Some Owners to Delay or Cancel Projects
The construction industry gained 22,000 jobs between August and September as nonresidential construction firms added employees for the first time in six months.
Construction Officials Call for Immediate Removal of Tariffs on Key Construction Materials, Urge Congress and the Administration to Take Steps to Repair “Every Level” of the Supply Chain
The prices contractors pay for construction materials continued to increase in August while many firms report struggles to get those materials delivered on time.
Association Officials Urged Congress to Pass the New, Bipartisan Infrastructure Bill to Boost Demand for Nonresidential Construction and Create Needed Commercial Construction Career Opportunities
The cost of goods and services used in construction climbed by a record-setting 4.3 percent in May and 24.3 percent over the past 12 months, jeopardizing contractors’ solvency and construction workers’ employment.
Construction Officials Say New Infrastructure Funding, Tariff Relief and Measures to Reduce Manufacturing and Delivery Delays for Key Materials Needed to Jump Start Nonresidential Activity
Nonresidential construction spending in April declined for the fifth-straight month to a two-year low as demand waned for numerous public and private project categories in the face of lengthening production and delivery times for materials, along with fast-rising prices for many items, according to an analysis of new federal construction spending data by the Associated General Contractors of America.
Construction employment in April remained below the pre-pandemic high set in February 2020 in 36 states and the District of Columbia, despite increases from March to April in 26 states.
Construction Officials Say New Infrastructure Investments, Tariff Relief for Key Construction Materials are Needed to Help Contractors Cope with Continued Economic Impacts of the Pandemic
Nonresidential construction spending fell to a two-year low in March as contractors struggled with slumping demand for most project types and growing shortages of materials, transport, and workers, according to an analysis of new federal construction spending data by the Associated General Contractors of America.
Houston-The Woodlands-Sugar Land and Odessa, Texas Have Worst 12-Month Employment Losses, While Seattle-Bellevue-Everett, Wash. and Sierra Vista-Douglas, Ariz. Lead List of 104 Metros with Job Gains
Association Officials Note that Continued Construction Job Gains Could be Impacted by New Infrastructure Funding Proposals, Rising Materials Prices, Erratic Delivery Schedules and Broader Market Uncertainty
Construction employment climbed by 110,000 in March as the industry recovered from severe winter weather that pushed employment down by 56,000 in February, according to an analysis by the Associated General Contractors of America of government data released.
Texas, Louisiana Have Worst Job Losses Since Pandemic Struck, While Idaho Adds the Most Jobs; California, South Carolina Have Worst One-Month Job Losses as Florida, Vermont Top Other States
Construction employment in January remained below pre-pandemic levels in all but eight states, according to an analysis by the AGC of America of government employment data released, while more firms have reduced headcount than have added to it in the past year, the association’s recent survey shows.
