Archive for AGC SmartBlogs
The turning point in the building industry dawned in May 2014, when the “total employment level reached its prerecession level” and companies stopped looking in the rear-view mirror trying to outrun the Great Recession and started to think again of the future. So said Alex Carrick, North American chief economist at CMD during last week’s webinar on the state of the industry.[…] Continue Reading »
More than 3 in 4 contracting firms are finding it difficult to fill skilled trade positions, and more than 3 in 5 are finding project supers, estimators and engineers hard to find, according to a survey by the Associated General Contractors of America conducted in August and September. The Southeast sees the largest challenge, where 86% of contractors face labor challenges; the Northeast is better off, but far from complacent as 67% of contractors there try to deal with the problem.[…] Continue Reading »
The construction sector was booming in the mid-to late-2000s, and then the Great Recession grabbed hold and the industry changed overnight. Layoffs were rampant; dozens of mega-construction projects stalled; half-built buildings dotted the country. But, after a few years, a slow, but increasingly steady — or at least somewhat optimistic — outlook started to take hold.
Housing starts were increasing rapidly, and passage of the transportation bill, or MAP-21, put roadwork back on the map.[…] Continue Reading »
Six years of recession in the U.S. has cut a $1.2 trillion-a-year construction industry into one that is worth about $800 billion a year. It also chopped more than 2 million jobs from the industry, according to data from the Associated General Contractors of America. However, a survey by AGC and co-sponsored by Computer Guidance leads AGC to look at 2013 as a potential turning point with tentative signs of recovery.[…] Continue Reading »
The election is over and we still have a divided Congress and impending “fiscal cliff.” So what can the construction industry expect during Congress’ lame-duck session, and next year? That was the topic of a conference call last week with members of the Associated General Contractors of America.
Post-election numbers show a slightly smaller Republican majority in the House and a slightly stronger Democratic majority in the Senate, said Jeff Shoaf, senior executive director of government and public affairs at AGC.[…] Continue Reading »