Page 33 - Ken Simonson News Today

Although our surveys were completed prior to President Biden signing the Infrastructure Investment and Jobs Act (IIJA) and making it law, outlooks should not change much since most of that money won’t start flowing until late in 2022 or even 2023. Nor will it affect the challenges construction firms face, which include a global supply shortfall and critical shortages in local labor markets.

Prices of numerous construction materials soared again in November, outpacing the rate at which contractors raised their bid prices, according to an analysis by the Associated General Contractors of America of government data released

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

Prices of numerous construction materials soared again in November, outpacing the rate at which contractors raised their bid prices, according to an analysis by the Associated General Contractors of America. “Prices for nearly every type of construction material are rising at runaway rates,” said Ken Simonson, AGC chief economist, in a prepared statement. “These costs are compounding the difficulties contractors are experiencing from long lead times for production, gridlocked supply chains...

Construction employment increased by 31,000 jobs between October and November as nonresidential construction firms added workers for the third month in a row, according to the Associated General Contractors of America (AGC). Association officials said construction firms were likely to have added even more jobs if they could find more qualified workers to hire with many firms reporting a growing number of unfilled positions.

Construction employment increased by 31,000 jobs between October and November as nonresidential construction firms added workers for the third month in a row, according to an analysis by the Associated General Contractors of America of government data released today. Association officials said construction firms were likely to have added even more jobs if they could find more qualified workers to hire with many firms reporting a growing number of unfilled positions.

Total construction spending edged higher in October, as gains in public and private project types outmatched decreases in single- and multifamily residential outlays, according to a new analysis of federal construction spending data the Associated General Contractors of America released today. Officials noted that public sector investments would likely rise in the near future because of the recently-passed infrastructure bill, but cautioned that labor shortages and supply chain problems were pos...

Washington, DC, December 3, 2021— Nearly two out of three U.S. metro areas added construction jobs between October 2020 and October 2021, according to an analysis by the Associated General Contractors of America of government employment data.

Both the Associated Builders and Contractors (ABC) and the Associated General Contractors (AGC) conclude that construction spending rose in October.

Nearly two out of three U.S. metro areas added construction jobs between October 2020 and October 2021, according to an analysis by the Associated General Contractors of America of government employment data released today.