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

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.

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

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

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

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.

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

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.

Construction Employment Rises in 35 States and D.C. from January 2017 to January 2018; Jobs Increase in 31 States and D.C. Since December

Thirty-five states and the District of Columbia added construction jobs between January 2017 and January 2018, while 32 states and D.C. added construction jobs between December and January, according to an analysis by the Associated General Contractors of America of Labor Department data released today.  Association officials cautioned, however, that newly-imposed tariffs on steel and aluminum products are likely to undermine future job growth in the sector.

Construction Jobs Increase in 40 States Between November 2016 and November 2017; 39 States Added Jobs Between October and November

Forty states added construction jobs between November 2016 and November 2017, while 39 states added construction jobs between October and November, according to an analysis by the Associated General Contractors of America of Labor Department data released today. Association officials noted that firms in most states are adding jobs amid expectations that demand will continue to grow thanks to new tax cuts and regulatory reforms.

Final Tax Legislation Will Lower Rates for Construction Firms, Spur Economic Growth and Benefit Construction Employers for Years

“Today, Congress passed comprehensive tax reform legislation that will lower rates, spur economic growth and impact construction businesses for years to come. However, this process did not start as well as it ended for the construction industry. (See chart linked here for details on the final bill)

Senate Tax Reform Measure Has Improved Substantially But Lack of Infrastructure Investments, Temporary Nature of Many Tax Cuts Remain Problematic, Official Says

The chief executive officer of the Associated General Contractors of America, Stephen E. Sandherr, issued the following statement today in connection with the proposed Senate tax reform measure:

"The association has long advocated for comprehensive tax reform, especially considering that construction employers pay the highest effective rate of any industry at 30.3 percent.  The Senate tax reform bill has been substantially improved over the course of the past few days and we support its passage.

Construction Employment Increases in 243 Metro Areas Between October 2016 & 2017 as Officials Urge Changes to Tax Reform Bill to Sustain Growth

Construction employment increased in 243 out of 358 metro areas between October 2016 and October 2017, declined in 59 and stagnated in 56, according to a new analysis of federal employment data released today by the Associated General Contractors of America. Association officials said the best way to ensure metro areas continue to add construction jobs is to treat small and medium-sized employers more fairly and include new infrastructure funding as part of federal tax reform.