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Construction employment exceeded pre-pandemic levels in 32 states in March, according to a new analysis of federal employment data released by the Associated General Contractors of America. Association officials said the government should support more career opportunities to enable people to work in the industry.
The construction industry is in the midst of a period of exceptionally steep and fast-rising costs for a variety of materials, compounded by supply-chain disruptions and difficulty finding enough workers, which could threaten the financial health of many contractors.
The pretty picture is slowly starting to get ugly for pricey property purchases and projects promulgated in a long period of record-low rates.
Prices of materials and services used in new nonresidential construction jumped more than 21 percent from March 2021 to March 2022, according to an analysis by the Associated General Contractors of America (AGC) of government data.
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