Construction Officials Say New Infrastructure Funding, Tariff Relief and Measures to Reduce Manufacturing and Delivery Delays for Key Materials Needed to Jump Start Nonresidential Activity
Nonresidential construction spending in April declined for the fifth-straight month to a two-year low as demand waned for numerous public and private project categories in the face of lengthening production and delivery times for materials, along with fast-rising prices for many items, according to an analysis of new federal construction spending data by the Associated General Contractors of America.
Construction employment in April remained below the pre-pandemic high set in February 2020 in 36 states and the District of Columbia, despite increases from March to April in 26 states.
Construction Officials Say New Infrastructure Investments, Tariff Relief for Key Construction Materials are Needed to Help Contractors Cope with Continued Economic Impacts of the Pandemic
Nonresidential construction spending fell to a two-year low in March as contractors struggled with slumping demand for most project types and growing shortages of materials, transport, and workers, according to an analysis of new federal construction spending data by the Associated General Contractors of America.
As 2020 drew to a close, the U.S. Congress passed the Consolidated Appropriations Act, 2021, a massive $900 million coronavirus relief bill combined with a $1.4 trillion omnibus spending bill.
Houston-The Woodlands-Sugar Land and Odessa, Texas Have Worst 12-Month Employment Losses, While Seattle-Bellevue-Everett, Wash. and Sierra Vista-Douglas, Ariz. Lead List of 104 Metros with Job Gains
Integrating technology into the construction process has become a necessity for many construction teams to maintain communication with all parties, monitor site progression, and complete various tasks typically done in person.
Texas, Louisiana Have Worst Job Losses Since Pandemic Struck, While Idaho Adds the Most Jobs; California, South Carolina Have Worst One-Month Job Losses as Florida, Vermont Top Other States
Construction employment in January remained below pre-pandemic levels in all but eight states, according to an analysis by the AGC of America of government employment data released, while more firms have reduced headcount than have added to it in the past year, the association’s recent survey shows.
New Producer Price Index Data Confirms Association Survey Showing Most Construction Firms are Being Harmed by Skyrocketing Costs for Products Like Lumber while Shipping Problems Impact Project Schedules
Another round of steep price increases and supply-chain disruptions are wreaking hardships on contractors, driving up construction costs and slowing projects, according to an analysis by the Associated General Contractors of America of government data released.
As the Insulation Contractors of America Association (ICAA) continues to adapt schedules to account for pandemic safety protocols, they are planning to host the first of their 2021 Committee Meetings virtually using GoToMeetings.
Despite the clear impacts of the pandemic, AD achieved a 1% increase in net distributions to its members and was able to offer innovative services and support to help members navigate the rapidly changing environment.