Construction Spending Slips In February As Shrinking Demand, Soaring Costs, And Supply Delays Threaten Project Completion Dates And Finances

 

 

 

 

 

 

 

 

Both Nonresidential and Residential Spending Retreat from January Levels amid Extreme Winter Weather; Association Posts Inflation Alert to Aid Understanding of Squeeze on Nonresidential Construction Firms

President’s Much-Needed Infrastructure Investments Are Likely To Be Undermined By Proposal’s Misguided Labor And Tax Proposals

 

 

 

 

 

 

 

 

President Biden is Right to Focus on Improving a Broad Range of Infrastructure Projects, But Taxing Employers and Imposing Draconian New Labor Rules will Undermine Economic Growth

Construction Employment In February Trails Pre-pandemic Level In 44 States As Soaring Costs, Supply-chain Problems Jeopardize Future Jobs

Texas, Louisiana Have Worst Job Losses Since Pandemic Struck, While Utah, Idaho Gain the Most; Association Issue Inflation Alert and Urges Immediate Relief on Tariffs, Examination of Supply Barriers

Construction Employment Slips In 225 Metro Areas From January 2020 To January 2021 As Rampant Cancellations Augur Further Declines Ahead

 

 

 

 

 

 

 

 

Houston-The Woodlands-Sugar Land and Lake Charles, La. Have Worst 12-Month Employment Losses; Sacramento--Roseville--Arden-Arcade, Calif. and Sierra Vista-Douglas, Ariz. Top Ranks of Job Gainers

Rising Materials Prices And Supply Chain Disruptions Are Hurting Many Construction Firms Already Struggling To Cope With Pandemic Impacts

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

House Votes In Favor Of Idling Workers, Stripping Their Privacy And Denying Them The Opportunity To Establish Their Own Businesses

Democrats’ Vote in Favor of the PRO Act Will Hurt Workers and Undermine the Economic Recovery, Top Construction Industry Official Says, Urges Senate to Reject Measure Before it Harms the Economy

The chief executive officer of the Associated General Contractors of America, Stephen E. Sandherr, issued the following statement in reaction to the passage in the U.S. House of Representatives today of the Protecting the Right to Organize (PRO) Act:

AGC Submits Second Set of Extensive Comments on PPP Loan Necessity Questionnaire; Considers Next Legal Moves

Late last week, the Associated General Contractors of America (AGC) continued its campaign to persuade the U.S. Small Business Administration (SBA) to change the way it decides whether to forgive Paycheck Protection Program (PPP) loans of over $2M.  The specific target of AGC’s campaign is a Loan Necessity Questionnaire that has greatly surprised and frustrated the borrowers of such loans, as they now seek forgiveness of them.      

AGC Celebrates Women in Construction Week

As construction continues to be an essential industry in helping our nation’s economic recovery, firms are fighting the growing workforce shortage and looking to recruit more women than ever before. Women are making an impact in the industry by bringing new skill sets, opinions, and experiences into the office and the field – and a diverse workforce leads to stronger companies. Yes, there are certainly challenges. But perceptions and cultures are changing.

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