How to Win Those Lucrative Construction Infrastructure Contracts
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Proposed 2022 Davis-Bacon Act Changes Could Impact How Contractors Manage Prevailing Wages
Article written by Andy Holtmann on the Viewpoint blog.
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Nonresidential Construction Drops Slightly in February
Key Takeaways
- National nonresidential construction spending down 0.1% in February 2022.
- On a seasonally adjusted annualized basis, nonresidential spending totaled $844.5 billion for the month.
- "ABC’s Construction Confidence Index indicates that a growing number of contractors expect to trim their margins dur
Construction Employment Adds 19,000 Jobs in March
According to data released last week by the US Bureau of Labor Statistics, the national construction industry added 19,000 jobs on net in March.
Key Takeaways
ABC: Construction Industry Faces Workforce Shortage of 650,000 in 2022
WASHINGTON, Feb. 23—The construction industry will need to attract nearly 650,000 additional workers on top of the normal pace of hiring in 2022 to meet the demand for labor, according to a model developed by Associated Builders and Contractors.
Construction Employment Surges in February
According to data released today by the US Bureau of Labor Statistics, the national construction industry added 60,000 jobs on net in February.
Key Takeaways
Nonresidential Construction Spending Up 1.3% in January
Key Takeaways
- National nonresidential construction spending up 1.3% in January 2022.
- On a seasonally adjusted annualized basis, nonresidential spending totaled $838.9 billion for the month.
- "Total construction spending is up more than 8% from last year, but materials prices are up approximately 24% over that span
Nonresidential Construction Employment Declines by 9,000 in January
According to data released on Friday by the US Bureau of Labor Statistics, the national construction industry lost 5,000 jobs on net in January.
Key Takeaways
Nonresidential Construction Spending Declines in December
Key Takeaways
- National nonresidential construction spending fell 0.7% in December 2021.
- On a seasonally adjusted annualized basis, nonresidential spending totaled $820.7 billion for the month.
- "Public construction was responsible for much of the weakness in December.
Construction Firms Foresee Growing Demand For Most Types Of Projects, As 74 Percent Of Firms Plan To Hire In 2022 Despite Supply Chain And Labor Challenges
New Industry Outlook Shows Contractors Expect a Boost from the Bipartisan Infrastructure Bill and Broad-Based Private-Sector Demand, Except for Retail and Office Construction, If They Can Find Workers and Materials
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