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
Annual Survey by HCSS and Associated General Contractors of America Finds Drivers and Passengers are at Greater Risk of Injury and Death in Work Zone Crashes As Officials Urge Drivers to Be Careful this Summer
Texas and Louisiana Have Worst Job Losses Since February 2020, While Utah and Idaho Top Gainers; Illinois and New Hampshire Add the Most in April, as Texas and Iowa Posts Biggest Monthly Losses
The cost of goods and services used in construction accelerated further in April as more items logged double-digit increases over the past year, according to an analysis by the Associated General Contractors of America of government data released today. Meanwhile, nonresidential contractors struggled with delays in receiving materials and intensifying competition that limited their ability to pass on higher costs. Association officials urged the Biden administration to quickly roll back tariffs and quotas on imported construction materials that are adding to costs and availability problems.
Construction employment was unchanged from March to April as nonresidential contractors and homebuilders alike struggled to obtain materials and find enough workers, according to an analysis by AGC of government data released today. Association officials said the industry’s recovery was being hampered by problems getting stable prices and reliable deliveries of key materials, while the pandemic and federal policies were making it harder for firms to find workers to hire.
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
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
Texas and Wyoming Have Worst Job Losses in the Past Year, While Utah and Idaho Top Gainers; Texas and Iowa Rebound the Most from February’s Storms, as Nevada Posts Biggest Monthly Loss
New Producer Price Index Data Shows Costs Outstripping Contractors’ Bid Prices as Firms Cope with Growing Delivery Delays, Limited Supplies of Key Items; Association Urges Relief from Tariffs