Total construction spending increased by 0.5 percent in August, driven by increases in most large nonresidential construction segments in addition to residential projects, according to an analysis of federal spending data the Associated General Contractors of America released today. Association officials said that while growing demand for construction is welcome news, construction firms remain concerned about finding enough qualified workers to keep pace with demand.
“For now, all types of construction are growing,” said Ken Simonson, the association’s chief economist. “But unless the supply of qualified workers increases, many projects are likely to be delayed.”
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