After a year marked by numerous price spikes, construction costs declined in December but remained elevated compared to year-earlier prices, while prices of new buildings also moved higher, according to an analysis by the Associated General Contractors of America of new Labor Department data. Association officials noted that the cost of many construction projects is increasing as firms cope with labor shortages and increased costs for many of the materials they need for projects.
Construction employment increased by 38,000 jobs in December and by 280,000 jobs, or 4.0 percent, over the past year, while the industryÐÔÊӽ紫ý™s average pay accelerated and unemployment decreased to a historic low, according to an analysis of new government data by the Associated General Contractors of America. Association officials added that most contractors report they plan to continue hiring in 2019, according to the associationÐÔÊӽ紫ý™s annual outlook that was released earlier this week.
The ÐÔÊӽ紫ý Pipeline The ÐÔÊӽ紫ý Pipeline is a publication for ÐÔÊӽ紫ýÐÔÊӽ紫ý™s Municipal & Utilities Division. It covers legislative and regulatory affairs affecting utilities contractors and excavators, educational and networking opportunities, issue alerts calling members to action, and ÐÔÊӽ紫ý advocacy efforts on behalf of contractors engaged in utility construction. Archive | Subscribe