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Phyllis Harden

Legislative & Special Projects, Pine Bluff Sand & Gravel
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Construction Spending Increases to Record High of 1.329 Trillion, Most Public and Private Segments Show Healthy Growth

November 1, 2018

Construction spending hit a seasonally adjusted annual rate of $1.329 trillion and grew 5.5 percent for nine months of 2018 combined, with continued year-to-date gains for major public and private categories, according to an analysis of new government data by the Associated General Contractors of America. Association officials said that while demand for construction should remain strong for the next several months, the construction sector could be impacted by new trade tariffs, continues workforce shortages and higher interest rates.

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Construction Employment Rises in 278 Metros Between September 2017 & 2018 as Firms Expand to Keep Pace with Growing Demand for New Projects

October 30, 2018

Construction employment increased in 278 out of 358 metro areas between September 2017 and September 2018, declined in 42 and was unchanged in 38, according to a new analysis of federal employment data released today by the Associated General Contractors of America. Association officials noted that construction employment is growing in most parts of the country as firms expand to keep pace with growing demand for construction.

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Construction Input Costs Rise 6.2 Percent Through August, Adding to Pressure From Labor Shortages and Outpacing Contractors' Bid Prices

September 12, 2018

Prices for goods and services used in construction climbed 6.2 percent over the past year, intensifying a cost squeeze on contractors coping with widespread labor shortages, according to an analysis by the Associated General Contractors of America of new Labor Department data.

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Construction Cost Data Shows Effect of Trade Disputes as Aluminum and Steel Costs Increase, Rate of Cost Increases Hits Recent High

July 11, 2018

Construction costs accelerated again in June

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Construction Cost Data Shows Effect of Trade Disputes as Aluminum and Steel Costs Increase, Rate of Cost Increases Hits Recent High

July 11, 2018

Construction costs accelerated again in June, with steep increases for a wide range of building and road construction materials as tariffs against foreign goods come into effect, according to an analysis by the Associated General Contractors of America of new Labor Department data. Association officials say that contractors will have to assume much of the costs as tariffs increase the costs of many key construction materials.

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Construction Employment Reaches 10-Year High as Industry Adds 13,000 Jobs in June and 282,000 for the Year; Hourly Earnings Top Private Sector by 10.1 Percent

July 6, 2018

Construction employment increased by 13,000 jobs in June and by 282,000 jobs over the past year, reaching a 10-year high, according to an analysis of new government data by the Associated General Contractors of America. Association officials said many construction firms appear to be more willing to hire amid lower tax rates and a more favorable business environment, but caution that trade fights and labor shortages pose risks to future growth.

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Construction Spending Reaches Record High with 0.4 Percent Pickup in May as Residential and Public Investment Offset Dip in Nonresidential Outlays

July 2, 2018

Construction spending reached a record level of $1.309 trillion in May as monthly increases in residential and public investment outweighed a decline in private nonresidential outlays, according to an analysis of new government data by the Associated General Contractors of America. Association officials warned, however, that continued labor shortages and rising materials costs threaten future growth in demand.

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Construction Costs Soar in May, Outpacing Contractors' Pricing; New Tariffs Threaten to Worsen Cost Squeeze, Lead to Project Delays

June 13, 2018

Association Officials Say the Threat of New Tariffs Has Already Led to Dramatic Increases in the Cost of Many Construction Materials, Warn Prices Will Grow As the New Trade Restrictions Take Effect

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Construction Employment Rises in 38 States and D.C. From March 2017 to March 2018 While 29 States Add Construction Jobs for the Month

April 20, 2018

Thirty-eight states and the District of Columbia added construction jobs between March 2017 and March 2018, while 29 states added construction jobs between February and March, according to an analysis by the Associated General Contractors of America of Labor Department data released today.  Association officials said the job gains are coming amid strong private-sector demand and new public-sector investments in school and airport construction.

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Construction Costs Climb in March as Wide Range of Input Costs Jump; Tariff Threats May Delay Projects and Make Some Unaffordable

April 10, 2018

Construction costs climbed again in March, with increases for a wide range of building materials, including many that are subject to proposed tariffs that could drive prices still higher and cause scarcities, according to an analysis by the Associated General Contractors of America of Labor Department data released today. Association officials warned that tariffs on some items might lead to project delays and cancellations if supplies become unobtainable or too expensive for current budgets.

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