Population Stagnation

Dec. 21, 2021 – According to Ken Simonsen, chief economist at Associated General Contractors, U.S. population growth slowed between July 1, 2020 and July 1, 2021 to “0.1%, the lowest rate since the nation’s founding,” the Census Bureau reported. Population changes over time are a major contributor to demand for numerous types of construction, funding for public construction, and supply of potential construction workers. “The slow…

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Funding Delays

Dec. 21, 2021 – The Federal Highway Administration noted in a statement on Dec. 15 that it plans to provide $52.5 billion in apportioned funding for fiscal year 2022 to all 50 states and the District of Columbia via the $1.2 trillion Infrastructure Investment and Jobs Act or IIJA signed into law in November. However, states will be unable to receive a significant portion of…

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ConsumerAffairs Rates States With Worst Roads

This holiday season, drivers traveling through Rhode Island, Hawaii, Wisconsin, California, Massachusetts, South Dakota, New Jersey, Louisiana, Michigan and New York are in for the bumpiest rides. Weather conditions and low infrastructure budgets have led to potholed and hazardous roads in these states, according to a new ConsumerAffairs study.

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Housing Starts Show Strength in November; Permits Up

Single-family housing showed strength in November despite supply-chain limitations for materials and ongoing access issues for labor and lots. Overall housing starts increased 11.8% to a seasonally adjusted annual rate of 1.68 million units, according to a report from the U.S. Department of Housing and Urban Development and the U.S. Census Bureau.

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