ReportLinker polls industry subcontractors for overview on market trends
June 15, 2023
The global drywall and insulation contractor market is expected to grow from $474.33 billion in 2022 to $529.04 billion in 2023 at a compound annual growth rate of 11.5 percent. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short-term.
Dallas-Plano-Irving, Texas, and Hanford-Corcoran, California, experience largest number and percentage of gains; Lawton, Oklahoma, and Sacramento-Roseville-Arden-Arcade, California, have most extensive construction job losses
June 12, 2023
Construction employment increased in 283, or 79 percent, of 358 metro areas between February 2022 and February 2023, according to an analysis by the Associated General Contractors of America of new government employment data.
Construction officials urge Biden Administration to focus on progress instead when it comes to new federal investments in infrastructure, semiconductor plant and green energy construction projects
June 8, 2023
Total construction spending decreased by 0.1 percent in February, as declines in single-family homebuilding and public construction outweighed a pickup in private nonresidential construction, according to an analysis by the Associated General Contractors of America April 3 of new federal data.
Construction officials caution that growing demand for many types of projects will strain already tight labor conditions, urge federal officials to boost construction education funding, reform immigration
June 3, 2023
Total construction spending in April increased by 1.2 percent from March and 7.2 percent year-over-year as widespread gains in nonresidential and multifamily construction spending offset a continuing plunge in single-family homebuilding, according to an analysis June 1 by the Associated General Contractors of America of new federal data.
Texas and Rhode Island top list of yearly gains, while West Virginia lags with number and percent of losses; California, Minnesota and Rhode Island lead in monthly job increases, while Tennessee and Hawaii trail
May 31, 2023
Construction employment increased in 45 states in February from a year earlier, while 24 states added construction jobs from January to February, according to a new analysis of federal employment data released by the Associated General Contractors of America on March 24.
The construction industry continues to face a skilled labor shortage, with worker scarcity worsening since the beginning of the pandemic, according to Marcum LLP’s annual analysis of the Bureau of Labor Statistics’ Job Openings and Labor Turnover Survey.
On March 16, the Equipment Leasing & Finance Foundation released the March Monthly Confidence Index for the $1 trillion equipment finance industry. March’s index is 50.3, a decrease from the February index of 51.8.
Total construction employment hits new record high as average pay in the sector hits $33.57 an hour, but construction officials warn that labor shortages will make it hard for firms to expand further
May 12, 2023
Construction firms added 24,000 employees in February, as hefty pay raises for hourly workers enabled the industry to increase employment more steeply than other sectors, according to an analysis by the Associated General Contractors of America of new government data.