Contractors looked to public funding and projects in 2023 while facing usual suspects in the latest AGC outlook.

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As construction companies added 16,000 jobs in August, nonresidential contractors are still limited by a lack of skilled labor according to a survey conducted by Associated General Contractors of America. 

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The cost of materials and services typically used in construction jumped 4,3% in May alone and by nearly 25% between that month and May 2020, according to an analysis by the Associated General Contractors of America.

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A yearly survey of highway contractors released Thursday found that 60% of the companies polled had seen at least one crash in a worksite in the past year.

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Speaking on Wednesday at a Daily Reporter Builder Breakfast webinar on “The future of the construction supply chain,” AGC of America Chief Economist Ken Simonson readily acknowledged that the main culprit in all of the supply chain pressure has been COVID-19. But there's more to it than that.

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More than a year after the outbreak of the COVID-19 pandemic, the construction industry is faced with unprecedented supply chain disruptions even as the economy at large shows signs of climbing back to where it was before the coronavirus.

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A least two-thirds of highway construction companies in the U.S. saw at least one crash in work zones last year, according to a survey released Tuesday.

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Though the construction industry has largely continued to work through the coronavirus pandemic, it hasn’t dodged the broad economic downturn that’s followed the outbreak, according to a survey released by the Associated General Contractors of America Friday.

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Hours worked in construction hit a record high and industry unemployment a record low in March as contractors added 16,000 jobs.

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The good times could keep rolling in construction, according to a pair of economists who spoke on Tuesday at a construction outlook event in Milwaukee.

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