Industry Priorities

Prices of materials and services used in new nonresidential construction leaped nearly 21 percent in April from year-ago levels, according to an analysis by the Associated General Contractors of America of government data released today. The association urged the Biden administration to provide relief to hard-hit employers by ending tariffs on key construction materials and reconsidering its recently proposed Buy America regulations that will make it harder for firms to find and pay for key construction materials.
The $1.2 trillion bipartisan Infrastructure and Jobs Act (IIJA) included the “Build America, Buy America Act” which applies a domestic preference to all taxpayer-funded infrastructure projects. The Office of Management and Budget released new guidance on these rules on April 18th, 2022. The new guidelines are meant to assist federal agencies in the application of “Buy America” requirements and the waiver processes for all federally funded infrastructure projects and not just those funded by the IIJA. The requirements are currently set to be in effect starting May 14th.
Construction Official Says New Guidance will Undermine New Bipartisan Infrastructure Measure’s Benefits, Adds the Kind of Red Tape that Betrays Americans’ Confidence in Federal Spending
Construction employment exceeded pre-pandemic levels in 32 states in March, according to a new analysis of federal employment data released by the Associated General Contractors of America. Association officials said the government should support more career opportunities to enable people to work in the industry.
Prices of materials and services used in new nonresidential construction jumped more than 21 percent from March 2021 to March 2022, according to an analysis by the Associated General Contractors of America of government data released today. The association urged the Biden administration to relieve major cost pressures by removing the remaining tariffs on aluminum, steel, and Canadian lumber.
For more than two years, the U.S. construction industry has been buffeted by unprecedented increases in material costs, supply-chain bottlenecks, and a tight labor market. AGC’s Construction Inflation Alert is intended to help owners, public officials, and others understand what contractors are experiencing. It also outlines steps owners and contractors can take to adjust to the fast-changing market conditions.