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Construction Spending Slips In October With Declines In Most Major Categories As Worker Shortages Slow Project Completion Times

Construction Spending Declines 0.3 Percent from September with Decreases for Residential, Commercial, Highway, and Manufacturing Segments; Contractors Fill Less Than Half the Open Positions in October Total construction spending decreased by 0.3 percent for the month of October with downturns in homebuilding and most major nonresidential categories, according to an analysis the Associated General Contractors…

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Construction Employment Increases In Three Out Of Four Metro Areas From October 2021 To October 2022 As Tight Labor Market Limits Hiring

Houston-The Woodlands-Sugar Land, Texas and Provo-Orem, Utah Post the Largest Year-over-Year Gains; Orlando-Kissimmee-Sanford, Fla. and Baton Rouge, La. Experience the Worst Decreases over 12 Months Construction employment increased in 268 or 75 percent of 358 metro areas between October 2021 and October 2022, according to an analysis by the Associated General Contractors of America of new government employment data. Association…

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Construction Employment Increases in 27 States From September to October as Surge in Job Openings Shows Need for More Workers

New York and North Dakota Add the Most Jobs, While Pennsylvania and Louisiana Have Largest Decreases;Open Positions at End of September Exceeds Total Number of Employees Hired During the Entire Month Construction employment climbed in 27 states from September to October, according to a new analysis of federal employment data released by the Associated General…

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Construction Bid Prices Jump In October Amid Mixed Costs For Materials As Contractors Cope With Supply-Chain, Labor Availability Challenges

Association Officials Caution that Higher Construction Costs Could Undermine Demand for Projects, Urge Biden Administration to Remove Tariffs on Key Materials, Continue to Untangle Supply Chains A measure of construction contractors’ bid prices moved sharply higher in October as firms coped with ongoing supply-chain challenges and a tight labor market, according to an analysis by the Associated…

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Construction Adds Only 1,000 Employees In October As Firms Struggle To Find More Workers To Hire Amid Tight Labor Conditions For The Sector

Construction Pay Continues to Increase as Average Hourly Earnings Hits $35.27, as Industry Officials Push for Measures to Encourage More People to Pursue High-Paying Construction Careers The construction industry added only 1,000 employees in October while it continued to boost wages for hourly workers as firms compete to hire from a small labor pool, according…

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Construction Spending Ticks Up In September Driven By Nonresidential Construction, Despite Drop In Public-Sector Activity For The Month

Construction Spending Hits $1.811 Trillion in September Driven by Big Boosts in Annual Manufacturing, Lodging & Commercial Activity, Transportation Investments Lag as Regulations Bog Down Infrastructure Total construction spending increased by 0.2 percent for the month of September and by 10.9 percent for the year as nonresidential construction activity now outpaces residential construction, according to…

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AGC PAC: The Associated General Contractors Of America Political Action Committee Endorses Adam Laxalt For U.S. Senate

Construction Industry’s Election Fund Also Provides the Maximum Contribution to Support Mr. Laxalt’s Campaign Noting His Long-Time Support for Common Sense, Pro-Growth Measures The Associated General Contractors of America Political Action Committee, also known as the AGC PAC, announced today that it has endorsed Adam Laxalt for the United States Senate. AGC PAC officials said they are…

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32 States Add Construction Jobs Between August And September, And For The Year, Even As Labor Shortages Hold Back Larger Gains

Florida Has Largest Pickup in Jobs, While North Dakota Experiences Largest Percentage Increases, Texas & New Jersey Lose the Most Jobs Annually and Monthly, Mississippi & Alabama Have Largest Percentage Drops Thirty-two states added construction jobs between August and September and an equal number boosted construction employment during the past twelve months, according to a…

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Construction Input Costs Jump 12.6 Percent Year-Over-Year Despite Dip In September As Most Materials Post Double-Digit Increases Over 12 Months

Construction Association Cautions that New Buy America Rules Will Only Add to the Pain by Limiting Contractors’ Ability to Bargain on Pricing for Federally Funded Infrastructure and Building Projects The price of materials and services used in nonresidential construction jumped 12.6 percent in September from a year earlier despite a dip of 0.2 percent last…

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Construction Spending Slips In August With Steep Slide In Homebuilding, Mixed Results For Public And Private Nonresidential Categories

Construction Association Officials Say Demand for Housing and Developer-Financed Projects Getting Crushed by Rising Interest Rates, But Infrastructure, Power and Manufacturing Could Gain Steam Soon Total construction spending declined by 0.7 percent in August as spending on new houses turned sharply lower, while public and private nonresidential construction posted mixed results, according to an analysis the…

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