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Posts Tagged ‘agc of america’

October Shows Increase In Construction Spending

December 6, 2010 1 comment

Associated General Contractors of America reports construction spending up 0.7 percent in October. Rise was driven by power projects and public construction.  Still waiting on a significant private sector increase.

Total construction spending increased by 0.7 percent in October, driven largely by growing demand for power projects and public construction, the Associated General Contractors of America noted today in an analysis of new Census Bureau data. The new data, however, indicated continued weakness in many construction categories, including private nonresidential and single family construction, association officials observed.

Full Press Release: AGC of America

Categories: News

Construction Industry Unemployment Still Up Despite Addition Of 5,000 Jobs

November 9, 2010 23 comments

The Associated General Contractors of America released some puzzling math in the construction industry employment numbers.

Even as the number of people working in construction increased by 5,000 between September and October 2010, the industry’s unemployment rate rose to 17.3 percent, according to an analysis of federal employment figures released today by the Associated General Contractors of America. Temporary government investments boosted commercial construction employment, offsetting further job losses in residential construction, association officials noted.

“Despite significant help from programs like the BRAC and the stimulus, construction employment continues to lag behind much of the private sector,” said Stephen E. Sandherr, the association’s chief executive officer. “It is yet another indicator that the economy has a long way to grow before demand for new office buildings, retail centers and manufacturing facilities returns.”

Association officials noted that construction employment lagged behind other sectors of the economy. For example, while total private employment rose by 1.1 million during the past 12 months, the construction industry lost 122,000 jobs. Meanwhile, the industry’s unemployment rate is nearly double the unadjusted national rate of nine percent.

Full Press Release From: AGC of America

Categories: Construction, News

AGC of America Foundation Accepting Scholarship Applications

November 3, 2010 Leave a comment

AGC of America’s Education & Research Foundation is accepting applications for scholarships. Deadline is November 15.

The Associated General Contractors of America’s Education and Research Foundation announced today that it is accepting applications for a variety of undergraduate and graduate scholarships and awards until November 15th. The foundation plans to award an estimated 100 scholarships early next year to students majoring in construction or civil engineering.

“The idea is to make it as easy as possible for hard working, motivated students to pursue careers in construction,” said Foundation President Thomas Burleson, owner of Burleson Construction of Johnson City, Tennessee. “Making sure the future of our industry is in good hands is well worth the investment.”

College sophomores and juniors enrolled or planning to enroll in a full-time, four- or five-year construction or civil engineering program are eligible to apply for the Foundation’s undergraduate scholarships. The renewable scholarships are worth $2,500 per year for each year of undergraduate study, up to a maximum of $7,500, Foundation officials added. All scholarship applications must be submitted online by November 15.

Full Press Release: NATIONAL FOUNDATION ACCEPTING SCHOLARSHIP APPLICATIONS

For application and more information: AGC Foundation

Categories: News

August Construction Spending Up, A Smidgen

October 5, 2010 Leave a comment

Smidgen or mile, up is up!

Total construction spending edged up 0.4 percent between July and August to $812 billion, driven by increases in public construction activity including stimulus and base realignment projects, according to an analysis of new Census Bureau data released today by the Associated General Contractors of America. Association officials cautioned, however, that private residential and nonresidential spending both continued to shrink as private-sector demand for construction remains extremely weak.

Private residential construction dropped 1.7 percent during the past year while private nonresidential spending dropped 24 percent, Simonson noted. The economist added that all 11 categories of private nonresidential construction in the Census Bureau’s press release had declined from a year earlier, most by double-digit percentages.

Full Release: AGC of America

Categories: Construction, News

Jobs Added In 25 States and D.C. In August

September 22, 2010 Leave a comment

Recovery or smoke screen?

Construction jobs were added in half the states in August, while the number of states with year–over–year job gains rose to 10 from just six in July, the Associated General Contractors reported in an analysis of state employment data released today by the Labor Department. The number of states that increased construction employment over 12 months was the largest since October 2008.

Read Full Article: AGC of America

Categories: Construction, News

Construction Employment Could Be Stabilizing

July 21, 2010 Leave a comment

AGC of America reports of possible stabilization of construction employment.

Construction employment edged closer to stabilizing in June, as half the states either added construction jobs or kept the same number as in May, the Associated General Contractors reported in an analysis of federal employment data released today. Compared to June 2009, construction employment rose in six states, the largest number of states to post year-over-year increases since October 2008.

Read full article: ForConstructionPros.com

Categories: Construction, News

Construction Industry Takes A Yearly $23 Billion Hit To Pocket Book

June 11, 2010 3 comments

And you thought traffic only produced road rage.

Traffic congestion and the delays it causes are costing the nation’s construction firms an estimated $23 billion each year according to a new analysis released today by the Associated General Contractors of America. There is no relief from traffic in sight, association officials warned however, as Congress is months late in passing six–year federal transportation legislation, prompting more pain for the hard–hit construction industry.

“Traffic tie ups nationwide are sapping productivity, delaying construction projects and raising costs for construction firms of all types,” said Stephen E. Sandherr, the association’s chief executive officer. “Given the hardships they are facing, the last thing contractors need is to burn time, fuel and money stuck in traffic.”

Sandherr said the new analysis was based on responses from nearly 1,200 construction firms the association surveyed in late April and May. He noted that a “staggering” 93 percent of firms reported that traffic and congestion were affecting their operations. Meanwhile, nearly two–thirds of firms lose at least one day of productivity per worker per year due to traffic congestion, equaling 3.7 million days of lost productivity industry–wide each year.

Construction firms also reported that traffic tie–ups delay the average construction project at least one day, while one in three firms report traffic adds a minimum of three days to the length of the average project. As a result, Sandherr said that three–quarters of contractors say congestion adds more than one percent to their total costs, and one in ten report that traffic adds eleven percent or more to their cost of doing business.

Move it or lose it sister!

[ Full Release from AGC Of America]

Categories: Construction, News