The White House announced this week that President Obama will deliver his State of the Union address on January 27 and release his FY 2011 budget February 1. It is widely believed that the State of the Union and the president’s budget will focus on cutting the federal deficit and may downplay… Read More January 21, 2010
The U.S. Senate defeated an amendment by a vote of 53-45 to legislation that would have increased the federal debt ceiling and prevented any new financial commitments for the Troubled Asset Relief Program (TARP). The amendment was particularly troublesome because it would have invalidated the key… Read More January 21, 2010
On Tuesday, Scott Brown (R) defeated Martha Coakley (D) in the Massachusetts special election to fill the seat vacated by the late Senator Ted Kennedy. Brown's victory is already impacting Senate proceedings by removing the Democrat's super majority of 60 votes.
Once Brown is officially seated… Read More January 21, 2010
The producer price index (PPI) for finished goods was unchanged in December before seasonal adjustment (up 0.2%, seasonally adjusted) and up 4.4% from a year earlier, the Bureau of Labor Statistics (BLS) reported today. The PPI for inputs to construction industries, a weighted average of materials… Read More January 20, 2010
NEW FEDERAL DATA SHOWS CONTRACTORS GETTING SQUEEZED BETWEEN RISING MATERIALS COSTS AND STAGNANT PRICES FOR FINISHED CONSTRUCTION
Latest Producer Price Index Figures Signal Need for Speedy Investments in Infrastructure Construction While Prices are Still Relatively Low, Construction Economist Notes… Read More January 20, 2010
View AGC Chief Economist Ken Simonson's presentation on the outlook for construction activity, materials and labor.
January 20, 2010
AGC today released a construction industry outlook that finds the stimulus the lone bright spot in an industry where nine in ten contractors say there will be no recovery in 2010. The survey of AGC members also found that fewer contractors plan to purchase construction equipment and doubt they… Read More January 20, 2010
The past year has been full of challenges and opportunities for the construction industry. Each day, AGC of America has been working hard to represent Specialty Contractors. Whether through the AGC Specialty Contractors Council (SCC), advocacy, safety and health, environment, labor and workforce… Read More January 20, 2010
The past year has been full of challenges and opportunities for the construction industry. Each day, AGC of America has been working hard to represent Building Contractors. Whether through the AGC Building Division, advocacy, safety and health, environment, labor and workforce, education and… Read More January 19, 2010
Conflicting data, media reports and politicians' assertions have spread a great deal of confusion about the stimulus legislation's impact, or lack of it, on job creation in construction. The reality is that the American Recovery and Reinvestment Act (ARRA) - the "stimulus bill" - has enabled… Read More January 19, 2010
