News

Construction labor costs are rising, after years of little movement. The Bureau of Labor Statistics reported today that compensation (wages and salaries, benefits, and required employer payments such as unemployment and worker’s compensation) for all employees in the construction industry increased by an average of 2.0 percent from the first quarter of 2012 to the first quarter of 2013. While mild compared with the 3-6 percent annual gains from 1998 to 2008, it was the fastest annual increase since December 2008.
Construction employment increased in 30 states in March as the industry expanded but at a slower pace than in February, according to an analysis by AGC of America of Labor Department data. Association officials cautioned, however, that many states remain vulnerable to construction cutbacks from newly enacted and proposed decreases in federal funding for infrastructure.
The Bureau of Labor Statistics (BLS), the federal agency that puts out the producer price index (PPI), is looking for feedback. Their survey asks respondents about what information they use currently, what they’d like to see improved or added, and what they think of the responsiveness of BLS staff.
Prices for construction materials were flat in March, as plunging diesel fuel and metals prices offset increases in items used in new housing and nonresidential building renovations, according to an analysis of new federal figures released today by AGC of America. Association officials noted that contractors have kept the prices they charge to build structures level, leaving their margins vulnerable to price spikes for key inputs.
Construction employment increased in 158 out of 339 metropolitan areas between February 2012 and February 2013, declined in 132 and was stagnant in 49, according to a new analysis of federal employment data released today by the Associated General Contractors of America. Association officials noted that the industry's long-awaited recovery could prove fleeting if public construction spending continues to decline and a reported immigration reform deal could undermine efforts to recruit skilled workers.
Construction industry employment climbed for the tenth consecutive month in March, as the sector added 18,000 jobs and surpassed 5.8 million employees for the first time since September 2009, according to an analysis of new government data by the Associated General Contractors of America. Association officials cautioned that the industry may soon experience both layoffs for some skilled trades and shortages of others, unless policy makers boost infrastructure investment and allow importation of needed workers.
Construction spending rebounded in February with gains from depressed January levels in residential, private nonresidential and public investment, according to an analysis of new Census Bureau data by AGC of America. Association officials cautioned that the rise in public investment was likely to be short-lived and urged policy makers in Washington to make infrastructure investment a priority.
Construction employment expanded in 35 states in February as the industry added 48,000 jobs nationally, the largest one-month gain in nearly six years, according to an analysis by AGC of America of Labor Department data. Association officials cautioned, however, that newly enacted federal budget cuts could reverse the construction employment pickup in numerous states.
Construction employment increased in 145 out of 339 metropolitan areas between January 2012 and January 2013, declined in 141 and was stagnant in 53, according to a new analysis of federal employment data released by AGC.
Population growth is a major driver of various types of construction over the medium to long term. But where the population grows also matters. Figures released by the Census Bureau on local population growth show it is happening in numerous areas that didn't have a housing boom last decade and, thus, need more construction now.