Material Prices Soar 20% in 2021, Most Contractors in Association Survey List Costs as Top Concern in 2022, Reports AGC

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Prices of construction materials jumped nearly 20% in 2021 despite moderating in December, according to an analysis by the Associated General Contractors of America of government data. Association officials said contractors rate materials costs as a top concern for 2022, according to a survey predicting the industry’s outlook for the industry the association just released. “Costs may not rise as steeply in 2022 as they did last year but they are likely to remain volatile, with unpredictable prices and delivery dates for key materials,” said Ken Simonson, the association’s chief economist. “That volatility can be as hard to cope with […]

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Widespread Steep Increases in Materials Costs in November Outrun Prices for Construction Projects, According to AGC Analysis

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Prices of numerous construction materials soared again in November, outpacing the rate at which contractors raised their bid prices, according to an analysis by the Associated General Contractors of America of government data. Association officials said the current steps being taken to address supply chain problems and rising prices have been insufficient and urged public officials to redouble their efforts. “Prices for nearly every type of construction material are rising at runaway rates,” said Ken Simonson, the association’s chief economist. “These costs are compounding the difficulties contractors are experiencing from long lead times for production, gridlocked supply chains and record […]

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3 Strategies for Superintendents to Tackle Labor Shortage, Create Diverse Participation

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By Dannis Mitchell The Associated General Contractors of America reports that 89% of contractors are having a hard time finding craft workers and 61% said their firm’s projects are being delayed because of workforce shortages. The number of unfilled construction jobs nationwide neared its highest level in 20 years last July, according to U.S. Bureau of Labor Statistics data. And yet, those statistics also reveal an untapped labor market among minority and women business enterprise communities, with women representing only about 10% of the construction industry’s workforce and African Americans a mere 6%. Involving MWBE and other disadvantaged business enterprises […]

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Two-Thirds of Metro Areas Add Construction Jobs from October 2020 to October 2021

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Nearly two out of three U.S. metro areas added construction jobs between October 2020 and October 2021, according to an analysis by the Associated General Contractors of America of government employment data. Association officials noted that the job gains would likely have been larger and more widespread if firms weren’t dealing with the twin challenges of supply chain problems and labor shortages. “While it is heartening that construction is recovering from the lows of 2020 in much of the country, the pandemic is still causing major supply-chain problems and is keeping some workers from seeking employment,” said Ken Simonson, the […]

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Survey Says: Most Contractors Report Significant Flaws with Nation’s 811 Utility Location System

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There are significant flaws with the current 811 utility location system according to a new survey of construction firms that perform any kind of underground excavation released by the Associated General Contractors of America. Most contractors say that calling 811 often leads to inaccurate line marking and that utility firms are often very slow in coming out to even do locate and mark their underground lines. “Construction firms are doing their part to avoid hitting utility lines, but the current 811 system appears to be badly flawed,” said Stephen E. Sandherr, the association’s CEO. “Fixing the 811 system will go […]

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