Economics | Associated General Contractors of America

Construction Adds 19,000 Jobs In March, While Project Spending Rises For 12th Straight Month In February; Officials Warn Of Growing Challenges

April 1, 2022

Construction Employment In February Tops Pre-Pandemic Total In 32 States But Soaring Costs, Supply Chain Woes Threaten Further Gains

March 25, 2022

Trade Agreement Reached with the UK on Steel and Aluminum

The U.S. and U.K. reached a Section 232 trade agreement which will lower tariffs on steel and aluminum imports from the UK. The agreement is based on a tariff-rate quota where the rate for steel (25%) and aluminum (10%) will be lowered to 0% until a quota has been reached, at which point the previous rate will set back in. This agreement will be effective June 1st, 2022.

Three-fourths Of Metro Areas Add Construction Jobs From January 2021 To 2022; Soaring Job Openings Indicate Lack Of Workers Kept Employment Totals Down

March 17, 2022

News Release: Materials Prices For Nonresidential Construction Soar 21 Percent From February 2021 To February 2022; Association Warns Of More Cost Increases

March 15, 2022

Prices of construction materials used in new nonresidential construction jumped more than 21 percent from February 2021 to February 2022, according to an analysis by the Associated General Contractors of America of government data released today. The association noted that more recent price announcements made after the February data was collected suggest contractors are experiencing even worse cost pressures this Spring.