Construction Spending Hits Record Levels for Second Month in a Row, Is Up by 4.9 Percent for the First Three Months of the Year

Construction spending is at record levels for the second straight month in March and is up 4.9 percent for the first three months of year compared to the same period in 2016, despite dipping slightly compared to February, according to an analysis by the Associated General Contractors of America.  Association officials said many firms are eager to see details of the President’s pending infrastructure plan, which should boost construction demand.

Construction Material Costs in March Outpace Contractors' Pricing; Industry Association Warns Against Policies that Would Add to Squeeze

Double-digit price increases for key construction materials pushed up construction costs in March, while the prices charged by contractors remained moderate, according to a new analysis of federal producer price data released today by the Associated General Contractors of America. Association officials urged policy makers to avoid adopting restrictions on international trade that would add to materials costs and potentially drive up the price of infrastructure, buildings and new homes and apartments.

Construction Employment Increases by 6,000 in March to Highest Level Since 2008; Small Job Gains Likely Reflect Mild Weather February Hiring Surge

Construction employment increased by 6,000 jobs in March as a February hiring surge prompted by mild winter weather in much of the country prompted firms to hire fewer people last month, according to an analysis of new government data by the Associated General Contractors of America. Association officials said declining public-sector investments in construction and infrastructure could impact future construction hiring unless the administration and Congress enact a new funding measure.

Construction Spending Increases in February as Private Residential and Public-Sector Investments Offset Modest Private Nonresidential Decline

Construction spending increased from January to February and from a year ago, as private residential and public construction grew for the month and private-sector demand increased for the year, according to an analysis by the Associated General Contractors of America. Association officials said the February data indicates the need for Congress and the Trump administration to work together to reform dated tax codes and to boost investments in aging infrastructure to boost broader economic growth that will stimulate more demand for construction.

Construction Spending Slips in January as Public Investments in Infrastructure "Tumbled" While Private Construction Demand Continues to Grow Solidly

Construction spending slipped from December to January but increased modestly from a year ago, as private construction grew solidly but public infrastructure outlays tumbled, according to an analysis by the Associated General Contractors of America. Association officials said the January data indicates the need for new public investments in infrastructure along the lines of the trillion dollar proposal President Trump outlined during his Congressional address last night.

Construction Firms Getting Squeezed by Increasing Materials & Labor Costs and Slower Increases in What They Charge to Build Projects

The cost of materials used in construction rose markedly faster than the price of completed buildings, according to a new analysis of federal producer price data released today by the Associated General Contractors of America. Association officials cautioned that potential restrictions on the use of imported construction materials threaten to drive up the price of infrastructure, buildings and new homes and apartments.

Construction Employment in January Reaches Highest Level Since 2008; Contractors Raise Pay Faster Than Other Sectors in Effort to Fill Openings

Construction employment increased by 36,000 jobs in January to the highest level since November 2008 as employers increased pay in an effort to address a chronic worker shortage, according to an analysis of new government data by the Associated General Contractors of America

Construction Employment Declines in 110 out of 358 Metro Areas as Businesses Urge President Trump to Deliver on Infrastructure Promise

Construction employment declined in 110 out of 358 metro areas between December 2015 and December 2016, was stagnant in another 65 and increased in 183, according to a new analysis of federal employment data released today by the Associated General Contractors of America.

Construction Employment Dips in December But Rising Hourly Earnings, Contractor Optimism Suggest Hiring Pause is Due to Worker Shortage

Construction employment slipped by 3,000 jobs in December, while average hourly earnings accelerated, according to an analysis of new government data by the Associated General Contractors of America.