As prices soar, fewer roads might get repaved this summer
As prices soar, fewer roads might get repaved this summer
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As prices soar, fewer roads might get repaved this summer
As prices soar, fewer roads might get repaved this summer
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The price index for diesel fuel jumped 86.5 percent in April compared to 12 months ago, one of many factors driving overall nonresidential input prices up 21 percent for the month, according to the Associated General Contractors of America. In its analysis of government data, AGC called upon the Biden Administration to end tariffs on key materials used in construction and “reconsider” Buy America regulations.
No industry contracted more during Michigan’s “lost decade” than construction. The value of new construction, including homes, offices, factories, hospitals and schools, fell by more than half, from $21 billion in 2001 to $9.2 billion last year, as measured by state gross domestic product. During the same period, Michigan lost 82,000 construction jobs, a 40 percent drop from the 205,000 construction jobs in the state at the end of 2000. Bridge: Factory work drives slow Mich. recovery