Nov. 24, 2020 – According to Ken Simonson, chief economist for Associated General Contractors of America (AGC), selective materials shortages and price increases continue to affect contractors. AGC has received reports of cement shortages in California and Utah. Participants in the October ABI survey also reported problems. Overall, six in 10 responding firms this month indicated that they have seen some degree of…
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March Construction Spending Holds Steady
The U.S. Census Bureau reported that construction spending during March 2020 was estimated at a seasonally adjusted annual rate of $1,360.5 billion, 0.9% (±0.8%) above the revised February estimate of $1,348.4 billion. The March figure is 4.7% (±1.3%) above the March 2019 estimate of $1,299.1 billion.
Read MoreMany Contractors Concerned About Longer-Term Impacts of COVID-19
In order to better understand the degree of impact and biggest concerns that the construction industry has about the COVID-19 crisis, Dodge Data & Analytics conducted a survey of 172 contractors across the U.S. from March 19 to March 31. The results of that study, published in the “Keeping Business Going in a Time of Crisis: Findings from the Dodge Contractor Panel Study…
Read MoreAGC: Sharp Jump in Owners Canceling or Delaying Construction Projects
Thirty-nine percent of contractors report that project owners have halted or canceled current construction projects amid deteriorating economic conditions, according to a survey released today by the Associated General Contractors of America.
Read MoreConstruction Employment Increases in 38 States
Thirty-eight states added construction jobs between March 2018 and March 2019, while construction employment increased in 29 states between February and March, according to an analysis by the Associated General Contractors of America of Labor Department data. Association officials said the widespread gains show demand for workers remains strong and urged federal officials to enact immigration reforms to boost the supply of qualified…
Read MoreCommand Alkon Rebrands, Emphasizes Collaboration, Partnership
A reimagined brand, story and logo is establishing a new identity for Command Alkon, including the mantra, “Together We Build Amazing,” which captures the essence of “the why” for people across heavy building materials production, according to the company. The move celebrates what management noted is “the commitment from contractors, concrete producers, raw material suppliers and haulers to drive digital…
Read MoreConstruction Jobs On The Rise
Thirty-five states and the District of Columbia added construction jobs between September 2016 and September 2017, while 26 states added construction jobs between August and September as some state employment levels were impacted by recent hurricanes, according to an analysis by the Associated General Contractors of America of Labor Department data. Association officials noted that construction employment in many parts…
Read MoreConstruction Spending Down for Month; Up for Year
Construction spending during July 2017 was estimated at a seasonally adjusted annual rate of $1,211.5 billion, 0.6 percent (±1.5 percent) below the revised June estimate of $1,219.2 billion. The July figure is 1.8 percent (±1.8 percent) above the July 2016 estimate of $1,189.8 billion.
Read MoreNew Commercial Construction Index Marks Growth
Commercial construction is in high demand across the country and contractors are confident in the trajectory of the industry, according to the USG + U.S. Chamber of Commerce Commercial Construction Index. Nearly all contractors surveyed – 96 percent – expect revenues to grow or remain stable this year compared to 2016, with 40 percent expecting an increase and only 3 percent…
Read MoreMSHA Serious Accident Alert
The Mine Safety and Health Administration (MSHA) has issued the following Metal/Nonmetal Serious Accident Alert.
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