Posts Tagged ‘ Ken Simonson ’

Plunge in Jobseekers Leaves Construction in the Lurch

Jul 14th, 2022

The Associated General Contractors of America (AGC) says an analysis of federal employment data shows that the construction industry added 13,000 jobs in June as the number of jobseekers with construction experience plunged to a record low for the month. In an assessment issued last week, association officials said the industry would likely have added […]

Construction Employment in February Tops Pre-Pandemic Total

Mar 29th, 2022

Construction employment exceeded pre-pandemic levels in 32 states in February, according to a new analysis of federal employment data released by the Associated General Contractors of America. Association officials warned the gains may be undermined if skyrocketing materials costs and delayed shipments cause owners to postpone or cancel projects. “Construction is doing well at the […]

AGC Survey Results Address Labor Shortages and Optimism in Industry’s Future

Sep 23rd, 2021

The construction industry is seemingly struggling in more ways than one, but officials with the Associated General Contractors of America (AGC) notice some positives from the 2021 Workforce Survey. “This year’s results show an odd paradox,” said Steve Sandherr, the CEO of the AGC. “On the one hand, construction firms are experiencing pre-pandemic levels of […]

As Housing Props Up GDP, Builders Lose More Workers

Dec 2nd, 2020

New residential construction continued its climb in October, according to the latest statistics available from the U.S. Census Bureau. In recent weeks, the Bureau reported that privately-owned housing starts were nearly 5% higher than the revised September estimate and 14.2% higher than 12 months prior. Permits were also up year over year, by 2.8%, but […]

Survey: More Contractors Are Experiencing Project Disruptions than in August

Nov 5th, 2020

More than three-fourths of contractors currently are experiencing project delays or disruptions, though the reasons vary according to a new survey from the Associated General Contractors of America (AGC). That’s up from 57% in June. Nearly half of contractors cited construction materials, equipment or part shortages for the delays while 35% cited a shortage of […]

Nearly One Million Construction Workers Lose Jobs in April as Demand Stabilizes

May 13th, 2020

Construction employment declined by 975,000 jobs in April, according to the Associated General Contractors (AGC) of America. Data from construction technology firm Procore shows how demand has changed across the U.S. since the COVID-19 pandemic began in the U.S. in March. In a webinar about the Procore data and a recent AGC survey, Ken Simonson, […]

Six to 9 Percent Growth Predicted for Housing this Year

May 16th, 2016

Is construction gaining or waning? That was the question industry economists addressed recently in a spring economic forecast webinar hosted by CMD Group. In terms of the overall U.S. economy, American Institute of Architects (AIA) chief economist Kermit Baker­ said that despite a weak first quarter, gross domestic product gains are expected to be 1.5 […]

Construction Employment at Highest Level Since 2009

Feb 9th, 2015

Construction employers added 39,000 jobs in January and 308,000 over the past year, reaching the highest employment total since February 2009, according to analysis by the Associated General Contractors of America. The sector’s unemployment rate fell to 9.8 percent. “Contractors have stayed busy this winter and expect to keep hiring through 2015—if they can find […]

National Unemployment Rate Stagnant as Construction Employment Increases

Aug 18th, 2014

The national jobless rate was little changed in July at 6.2 percent, 0.1 percent higher than in June. The rate, however, sits 1.1 percentage points lower than in July 2013, according to a report from the U.S. Bureau of Labor Statistics. The West continued to have the highest regional unemployment rate in the U.S. in […]

Shutdown is Over but Uncertainty Remains

Oct 17th, 2013

Though the government is back up and running the problems are far from over and its effect on the housing and construction markets, and overall economy, remains to be seen. That was the consensus among panelists in today’s Economic Webcast: The 2014 Outlook: Emerging Opportunities for Construction, sponsored by Reed Construction Data. Dr. Bernard Markstein, […]

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