But record-tying low unemployment rate of 3.9 percent and elevated number of job openings suggest construction industry continues to fall short of hiring as many workers as it needs
Construction companies added 20,000 employees in November and continued to raise wages for hourly workers more steeply than other sectors as the industry’s unemployment rate tumbled, according to an analysis by the Associated General Contractors of America of new government data. Association officials said the data shows that firms would have added significantly more workers if they could find more people to hire.
The U.S Department of Labor’s Wage and Hour Division announced it will be asking the building construction industries to participate in Davis-Bacon Act wage surveys in FY 2023 to help the agency establish prevailing wage rates, as required under the Davis-Bacon and Related Acts.
Colonias is to be succeeded by current Simpson Strong-Tie Chief Operating Officer Michael Olosky as part of a planned succession and will remain as an advisor during the transition
The U.S. Department of Labor’s Occupational Safety and Health Administration announced plans to hold an online meeting of the National Advisory Committee on Occupational Safety and Health on Jan. 23, 2023, from 2 to 4 p.m. EST.
Construction spending declines 0.3 percent from September with decreases for residential, commercial, highway and manufacturing segments; contractors fill less than half the open positions in October
Total construction spending decreased by 0.3 percent for the month of October, with downturns in homebuilding and most major nonresidential categories, according to an analysis the Associated General Contractors of America released Dec. 1 of federal spending data. Association officials noted contractors are struggling to complete projects as the number of open positions at the end of October topped hires in the month.
Increased supply of Honeywell Solstice ze (HFO-1234ze) for foam insulation, aerosol propellant, refrigeration and air conditioning applications to help meet strong demand
Honeywell announced its Baton Rouge, Louisiana, facility has doubled production capacity of Honeywell Solstice ze (HFO-1234ze), an ultra-low-global-warming-potential and energy-efficient solution compared to other current technologies. Solstice ze is used in foam insulation, as an aerosol propellant, and in refrigeration and air conditioning applications.
Westlake Royal Building Products announced that it has acquired Palight Trimboard from its long-standing partner Palram Americas. Through the acquisition of Palight Trimboard product lines, Westlake Royal will expand its portfolio of brands offered under Westlake Royal Trim & Mouldings Solutions, which provides the finishing touch for the interior and exterior of a home.
The American Concrete Institute, through the work of ACI Committee 440, has released ACI CODE-440.11-22: Building Code Requirements for Structural Concrete Reinforced with Glass Fiber-Reinforced Polymer Bars.
The stucco market is evaluated by Construction Activity (New and Renovation Construction), Product (Traditional Three-coat Stucco, EIFS and Newer-one Coat Stucco), Insulation Type (Insulated Siding and Non-insulated Siding) and End Use (Residential and Nonresidential) in a report published by Allied Market Research, titled “Opportunity Analysis and Industry Forecast, 2019-2026.”