by: Ken Simonson, Chief Economist AGC of America
6/2/2023
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by: Ken Simonson, Chief Economist, AGC America
5/14/2023
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3/31/2023
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Seasonally adjusted construction employment rose from February 2022 to February 2023 in 45 states and declined in five states
by: Ken Simonson, Chief Economist, AGC America
3/26/2023
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“I remain optimistic that we’re not going to have one,” said Simonson, referring to a recession
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3/8/2023
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by: Ken Simonson
2/26/2023
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As inflationary pressures and a continuing labor shortage push construction wages to record levels, contractors are looking beyond monetary reimbursement to attract and keep talent.
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2/4/2023
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by: Ken Simonson, Chief Economist, AGC America
1/29/2023
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Construction employment, seasonally adjusted, totaled a record-high 7,777,000 in December
by: Ken Simonson, Chief Economist, AGC of America
1/15/2023
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Construction firms added 28,000 employees in December and continued to raise wages for hourly workers more than other sectors as the industry’s unemployment rate fell to a record low for the month
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1/8/2023
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With 91% of U.S. construction firms experiencing a labor shortage, public officials have a vested interest in helping the industry to develop its workforce.
by: Nick Fortuna
12/18/2022
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by: Ken Simonson, Chief Economist AGC of America
12/9/2022
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Contractors’ input costs were mixed in October, as increases in fuel, cement, glass, and paint costs offset tumbling metals and lumber prices, according to Bureau of Labor Statistics (BLS) data posted on Tuesday.
by: Ken Simonson, Chief Economist, AGC America
11/19/2022
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Contractors' input costs declined again on balance in September, while bid prices rose, according to Bureau of Labor Statistics
by: Ken Simonson, Chief Economist AGC of America
10/21/2022
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AGC of America, with support from AGC of New York State, filed an amicus brief at the U.S. Supreme Court on September 6 to protect the legal and recommended practice of pre-bid interactions between contractors and public owners
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9/30/2022
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?The Dodge Momentum Index slipped 1% in August from a downwardly revised July reading but jumped 17% year-over-year, Dodge Construction Network reported on Thursday.
by: Ken Simonson
9/16/2022
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The search for workers has intensified from a year ago, according to results from the 2022 AGC of America- Autodesk Workforce Survey
by: Ken Simonson
9/9/2022
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ontractors’ input costs declined on balance in July, while bid prices accelerated, according to Bureau of Labor Statistics (BLS) data posted on Thursday.
by: Ken Simonson
8/19/2022
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Construction spending (not adjusted for inflation) totaled $1.78 trillion in May at a seasonally adjusted annual rate
by: Ken Simonson, Chief Economist AGC of America
7/8/2022
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Texas & New Mexico Have Strongest Gains Since May 2021, While Kentucky & Hawaii Have Worst Declines; Texas & Minnesota Top Lists of One-Month Increases, New York & North Dakota Lose Most Last Month
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7/8/2022
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Contractors’ bid prices for constructing new nonresidential buildings finally caught up with soaring costs for the materials and service they buy in May
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6/17/2022
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Construction Association Officials Say Workforce Shortages are Limiting Construction Activity, Urge Leaders to Boost Funding for Construction-Focused Education & Training Programs, Reform Immigration
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6/3/2022
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5/12/2022
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On or after May 14, new contract awards for infrastructure projects with federal funds will include expanded domestic manufacturing requirements for steel, iron, manufactured products and construction materials under new White House guidance
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5/8/2022
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AGC posted an updated version of its Construction Impact Model, created for AGC by Brian Lewandowski, University of Colorado, Boulder, a leading regional economist.
by: Ken Simonson
5/1/2022
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They say what goes up, must come down. But construction material pricing has been testing that inevitability for over two years, with no discernable end in sight.
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4/15/2022
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What are the Davis-Bacon and Related Acts (DBRA)? How do they apply to federal and federally assisted construction projects, and what are the consequences of non-compliance?
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4/1/2022
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The war in Ukraine and Western countermeasures are stoking further price increases for numerous construction materials. Readers have passed along these steel pricing notices, among others, received and/or effective on Tuesday: “Nucor Tubular/Atlas Tube just announced an increase of $150/ton effective immediately.”
by: Ken Simonson, Chief Economist, AGC America
3/20/2022
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Changes in presidential administrations have a significant impact on the construction industry, creating a climate of uncertainty about construction regulation shifts and how they impact businesses.
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3/4/2022
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Contractors Association Prepares Updated Construction Inflation Alert as Tight Labor Market, Soaring Materials Costs, and Supply Chain Disruptions Threaten to Delay Projects and Undercut Further Job Gains
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2/6/2022
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On January 13, the Supreme Court reinstated the nationwide stay on implementation and enforcement of the OSHA COVID-19 vaccination-or-testing emergency temporary standard (ETS).
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1/14/2022
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Construction Officials Say Efforts to Address Supply Chain Challenges Have been Insufficient, Urge Public Officials to Do More to Alleviate Shipping Backups, Lower Tariffs and Address Growing Price Inflation
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1/7/2022
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On Monday, November 15, President Biden will sign the AGC-backed Bipartisan Infrastructure Bill
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11/12/2021
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Seasonally adjusted construction employment in September trailed the February 2020 level in 35 states, exceeded it in 14 states and the District of Columbia, and was unchanged in Connecticut, according to AGC’s analysis of Bureau of Labor Statistics (BLS) data posted on Friday.
by: Ken Simonson
10/29/2021
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Only 14 states and the District of Columbia have added construction jobs since just before the start of the pandemic in February 2020, according to a new analysis of federal employment data released today by the Associated General Contractors of America.
by: Ken Simonson
10/22/2021
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Contractors may have millions of dollars of equipment, tools and materials stored on their job sites.
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10/15/2021
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The prices contractors pay for construction materials far outstripped the prices contractors charge in the 12 months ending in September, despite a recent decline in a few materials prices, while delivery problems intensified, according to an analysis by the Associated General Contractors of America of government data released today.
by: Brian Turnmail
10/15/2021
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Total construction spending was flat between July and August, as a decrease in nonresidential projects offset continuing gains in residential construction, according to a new analysis of federal construction spending data the Associated General Contractors of America released today.
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10/3/2021
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On July 28, the Senate agreed, 67-32, to begin debate on a $1.2 trillion bipartisan infrastructure package. Ahead of the vote, the bipartisan group of senators announced it had resolved all major issues on the package.
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7/30/2021
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In this episode, leading women – Lori Dunn-Guion of Swinerton, Maura Hesdon of Shoemaker Construction Co., and Lauline Mitchell of BBI Construction and current NAWIC National VP – share their stories and insights on how to recruit, train and empower women in construction.
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7/23/2021
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AGC recently submitted extensive comments on the U.S. Environmental Protection Agency’s (EPA) draft 2022 National Pollutant Discharge Elimination System (NPDES) Construction General Permit(link is external) and supporting materials(link is external), based on member input.
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7/16/2021
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On July 1, the U.S. House of Representatives passed H.R. 3684, the INVEST in America Act, a $715 billion federal investment in America’s roads, bridges, transit, passenger rail, and drinking and wastewater infrastructure.
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7/2/2021
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On June 23, a bipartisan group of senators announced an agreement on a $1.2 trillion infrastructure framework with the White House.
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6/25/2021
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The gulf between contractors’ costs and pricing widened again in May. The producer price index (PPI) for nonresidential building construction—a measure of the price that contractors say they would charge to build a fixed set of buildings—increased 0.5% from April and 2.8% year-over-year (y/y) since May 2020, while the PPI for material and service inputs to construction industries jumped 4.3% and 24.3%, respectively, the Bureau of Labor Statistics (BLS) reported on Tuesday.
by: Ken Simonson
6/18/2021
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The Assistance, Quality, and Affordability Act (AQUA), PFAS Action Act, and the Low-Income Water Customer Assistance Programs Act concerning water infrastructure and PFAS contamination have been approved by the Environment & Climate Change subcommittee.
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6/18/2021
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Construction employment declined for the third time in the past four months in May as nonresidential contractors coped with lengthening and unpredictable delivery times that limited their ability to start or complete projects, according to an analysis by the Associated General Contractors of America of government data released today.
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6/11/2021
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Construction spending in April increased 0.2% from an upwardly revised March rate and 9.8% from April 2020 to a seasonally adjusted annual rate of $1.52 trillion, the Census Bureau reported on Tuesday.
by: Ken Simonson
6/4/2021
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Anyone else feel like we’re living the classic schoolyard game Red Light, Green Light? If you’re unfamiliar with this recess favorite, here’s how it goes: One classmate is chosen to be “it” and stands on the other side of the yard, facing away from the rest. The other players line up, waiting for the leader to call “green light” which signifies they can move forward until “red light” is called, when everyone freezes and all-forward momentum stops.
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5/21/2021
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Residential construction employment, comprising residential building and residential specialty trade contractors, edged up by 3,000 in April, putting the total 46,000 (1.6%) higher than in February 2020. Nonresidential construction employment—building, specialty trades, and heavy and civil engineering construction—dipped by 3,000 in April and was 242,000 (-5.2%) below the February 2020 level.
by: Ken Simonson
5/13/2021
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During a recent meeting of the AGC Business Development Forum, members discussed the various hurdles from this past year. As the conversation shifted from the obstacles to important lessons, it became apparent that the topic my fellow BD Forum members were sharing would be beneficial to the entire AGC community.
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4/30/2021
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In the construction industry, safety is a value and belief shared by all. Since 2014, national and global construction firms have joined forces during an annual industry-wide initiative designed to celebrate and promote a continued commitment to safety. Construction Safety Week is a fully integrated annual campaign with a growing number of members and sponsors.
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4/16/2021
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Another round of steep price increases and supply-chain disruptions are wreaking hardships on contractors, driving up construction costs and slowing projects, according to an analysis by the Associated General Contractors of America of government data released today.
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3/14/2021
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If the outlook for construction were presented as a Sesame Street sketch, it might be “sponsored by the letter K.” That’s because the residential branch of construction looks to be headed on a steady upward course
by: Ken Simonson, Chief Economist, AGC America
2/14/2021
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2/10/2021
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2/12/2021
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The COVID-relief bill(link is external) moving through Congress does not include a federal paid leave mandate. However, it does include an extension of the Families First Coronavirus Response Act (FFCRA) refundable tax credits from March 31, 2021 through September 30, 2021 for those employers that follow those expired mandates.
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2/14/2021
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Construction employment increased by 51,000 jobs in December, with gains for nonresidential as well as residential contractors, according to an analysis by the Associated General Contractors of America of government data released today.
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1/15/2021
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Construction firms are experiencing widespread project deferrals and cancellations, along with disruptions to ongoing work and few new project awards, as the economic damage from the pandemic drags down industry employment in metro areas across the nation, according to a new survey and an analysis of new government data that the Associated General Contractors of America released today.
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12/17/2020
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