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Economics

February 2, 2016

Construction employment increased in 190 out of 358 metro areas, was unchanged in 63 and declined in 105 between December 2014 and December 2015, according to a new analysis of federal employment data released today by the Associated General Contractors of America. Association officials noted that many firms expect to continue expanding their headcount in 2016 as demand continues to grow for different types of construction.

February 1, 2016

Construction spending inched up in December from a month earlier and increased solidly over the year but the major components showed divergent trends, according to an analysis by the Associated General Contractors of America. Association officials cautioned that slowdown in spending in a number of key, private nonresidential categories could reflect broader financial uncertainty and undermine the sector's recovery.

January 26, 2016

Forty-four states and the District of Columbia added construction jobs in 2015 while construction employment increased in 39 states and D.C. between November and December amid strong demand for construction in most states, according to analysis of Labor Department data released today by the Associated General Contractors of America.  Association officials said that many of the states experiencing construction declines appear to be energy producing states.

January 5, 2016

Seventy-one percent of construction firms plan to expand their payrolls in 2016 as contractors expect a range of public and private markets to grow, according to survey results released today by the Associated General Contractors of America and Sage Construction and Real Estate. The survey, conducted as part of The Challenges Facing a Growing Industry: The 2016 Construction Industry Hiring and Business Outlook, indicates that contractors foresee a positive year despite tight labor conditions, regulatory burdens and IT security challenges.

December 29, 2015

Construction employment increased in 190 out of 358 metro areas, was unchanged in 64 and declined in 104 between November 2014 and November 2015, according to a new analysis of federal employment data released today by the Associated General Contractors of America. Association officials noted that the number of metro areas experiencing construction job growth continues to grow as firms appear to be having an easier time finding workers to hire steady amid reports of worker shortages.

December 18, 2015

Strong demand for construction projects fueled job growth in November in 38 states compared to October and in all but six states over the past 12 months, according to analysis of Labor Department data released today by the Associated General Contractors of America. Association officials said, however, that the shortage of available workers was likely keeping firms from expanding headcounts even more rapidly in many parts of the country.

November 20, 2015

Construction job growth rebounded in October as 43 states and the District of Columbia recorded employment increases from a year earlier, while 35 states added construction jobs in the past month, according to analysis of Labor Department data released today by the Associated General Contractors of America.  Association officials cautioned, however, that sustaining such widespread job gains will require support at all levels of government for construction training programs.

July 23, 2015

On Tuesday, the Senate Finance Committee approved a two-year, $95.6 billion tax extenders package by a 23 to-3 vote with Senators Mike Enzi (R-Wyo.), Pat Toomey (R-Penn.), and Dan Coats (R-Ind.) voting against the package. Chairman Hatch noted in his opening statement, “that this year marked the first time in 20 years that a new Congress began with the tax extenders already expired. In other words, we began this Congress with a built-in disadvantage when it comes to tax policy.” 

July 23, 2015
Register Now and Save at meetings.agc.org/agc_cfma 
 

Jointly sponsored by AGC and the Construction Financial Management Association (CFMA), the 19th Annual AGC/CFMA Construction Financial Management Conference will be held Nov. 4-6, 2015 at Caesars Palace in Las Vegas, Nev. This three-day conference offers programs and workshops designed specifically for financial professionals in the construction industry. The 32 interactive sessions will cover the latest industry issues and their financial implications.

July 9, 2015

Chairman Orrin Hatch (R-Utah) announced during a media interview that the Senate Finance Committee is scheduled to conduct a markup of a tax extenders package the week of July 13, which would put the Senate on track to take the first step in renewing the popular R&D credit, depreciation provisions and possibly all other expired AGC tax priorities. If the committee does act, the most likely scenario would be a two-year extension similar to S. 2260: Expiring Provisions Improvement Reform and Efficiency (EXPIRE) Act that the committee approved in 2014.

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