Page 18 - Ken Simonson News Today

Rising labor and materials costs are cutting into yields on multifamily development projects.

Construction firms added 16,000 jobs in August but remain stymied by a dearth of qualified workers, according to the latest federal statistics.

Construction companies are having a hard time finding workers in North Carolina, and the worker shortage is causing delays for some projects.

As construction companies added 16,000 jobs in August, nonresidential contractors are still limited by a lack of skilled labor according to a survey conducted by Associated General Contractors of America.

Nearly all construction firms have job openings, and more than half said they're seeing projects being scaled back, postponed or canceled.

Construction industry news, trends and jobs for building professionals who want mobile-friendly content.

From Bloomberg: Steel demand in some key markets is showing signs of perking up. Cleveland-Cliffs Inc. and Steel Dynamics Inc., for instance, said carmakers can't get enough chips to produce enough vehicles to meet consumer needs.

While construction has faced headwinds, there are green shoots on the horizon, economist says.

Public agencies are often "clients of last resort" for contractors, especially when construction costs are high.

The number of unfilled positions in the construction industry appears to be falling, according to new figures by the Associated Builders and Contractors (ABC). June 2022 saw 334,000 unfilled positions in the sector, down 17% on the previous month, but still 4% higher than June 2021. ABC’s...