Articles Tagged with ''analysis''

The price of materials and services used in nonresidential construction jumped 12.6 percent in September from a year earlier despite a dip of 0.2 percent last month, according to an analysis by the Associated General Contractors of America of government data released Oct. 12. Association officials note that the construction industry was suffering the most from inflation, adding that new Buy America rules set to go into effect as soon as next month will only make the situation more dire.

The construction industry added 19,000 employees in September as it boosted wages for hourly workers at the fastest rate in 40 years, according to an analysis by the Associated General Contractors of America of new government data. Association officials said that even with the pay raises, many contractors are still having a difficult time finding qualified workers to hire.

Total construction spending declined by 0.7 percent in August as spending on new houses turned sharply lower, while public and private nonresidential construction posted mixed results, according to an analysis the Associated General Contractors of America released on Oct. 3 of federal spending data. Association officials said that rising interest rates were hurting demand for housing and many private-sector projects, while the impacts of new federal funding for infrastructure, semiconductor plants and green energy facilities have yet to fully kick in.

Construction employment increased in 246, or 69 percent, of 358 metro areas between August 2021 and August 2022, according to an analysis by the Associated General Contractors of America of new government employment data. But association officials noted the job gains likely would have been higher if firms could find more qualified people to hire and train.

Construction employment climbed in 31 states from July to August, according to a new analysis of federal employment data released by the Associated General Contractors of America on Sept. 16. The gains come even as the vast majority of contractors report they would have added more workers if they could find them, according to a survey the association released at the end of August.

The price of materials and services used in nonresidential construction declined by 1.1 percent from July to August as a steep drop in fuel prices masked increases in the cost of other construction inputs, according to an analysis by the Associated General Contractors of America of government data released on Sept. 14. Association officials cautioned that limited price declines cannot undo the harm of clogged supply lines and labor shortages.

Construction firms added 16,000 jobs in August, according to an analysis of federal employment data released on Sept. 2 by the Associated General Contractors of America. Association officials said their newly released survey, conducted with Autodesk, showed contractors are eager to hire more employees but are being stymied by a dearth of qualified workers.

Construction employment increased in 250, or 70%, of 358 metro areas between July 2021 and July 2022, according to an analysis by the Associated General Contractors of America of new government employment data. But association officials cautioned that most construction firms report they are struggling to find enough qualified workers to hire, according to a survey the association and Autodesk released Aug. 31.

Construction employment in July continued to trail pre-pandemic levels in 15 states as contractors struggled to find qualified workers to fill openings, according to a new analysis of federal employment data released by the Associated General Contractors of America today.

Based on experience, I had come to believe that institutions of higher learning were more independent. But over time I found out that many of these reports were skewed.