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 posing significant challenges for the industry.
Only 16 states and the District of Columbia have added construction jobs since just before the start of the pandemic in February 2020, according to a new analysis of federal employment data released today by the Associated General Contractors of America. Association officials noted that prospects for the sector’s recovery will be diminished should the House-passed Build Back Better bill become law.
Help Us Generate a Comprehensive Outlook for 2022 by Taking the Survey Today
Rising construction materials prices appear to be starting to drive up the price of construction projects, according to an analysis by the Associated General Contractors of America of government data released today. Association officials noted that despite a big jump in what contractors charge for projects, the rise in materials prices is still much higher.
The construction industry added 44,000 jobs between September and October as nonresidential construction firms posted back-to-back increases for the first time since January, according to an analysis by the Associated General Contractors of America of government data released today. Association officials said the employment gains were welcome news but cautioned that employment levels remain well-below pre-pandemic totals as firms struggle with supply chain problems, labor shortages and federal inaction on infrastructure funding.
Nearly one-fifth of U.S. metro areas lost construction jobs between September 2020 and September 2021, according to an analysis by the Associated General Contractors of America of government employment data released today. Association officials noted that the job losses are occurring in many metro areas as plans to boost investments in infrastructure languish in Washington and firms cope with shortages, delivery delays and construction materials price increases.
Total construction spending declined in September for the first time since February, as both residential and nonresidential construction slipped, according to a new analysis of federal construction spending data the Associated General Contractors of America released today. Officials urged the House of Representatives to promptly complete work on the bipartisan infrastructure bill that the Senate passed earlier this year, noting that spending on infrastructure in the first nine months of 2021 fell short of year-earlier levels.
The chief executive officer of the Associated General Contractors of America, Stephen E. Sandherr, issued the following statement in reaction to another delayed vote on the Bipartisan Infrastructure measure in the U.S. House of Representatives:
Only 14 states and the District of Columbia have added construction jobs since just before the start of the pandemic in February 2020, according to a new analysis of federal employment data released today by the Associated General Contractors of America. Association officials noted that widespread supply chain disruptions amid and the lack of a much-needed federal infrastructure bill have impeded the sector’s recovery.