A Sustainable Workforce Starts With You
Input PPIs soar in year ending in July; steel prices, lead times rise again, while lumber plunges. [node:read-more:link]
While the economy has continued its forward progress through the summer, the Dodge Momentum Index has regressed somewhat as higher material prices and shortages of skilled labor continue to exert a strong influence over the construction sector. [node:read-more:link]
Steel remains problematic. Steel Market Update reported on Tuesday that hot-rolled coil averaged $1860, more than four times the August 2020 low point of $440. Contractors report mills are quoting 11-12 month lead times for bar joists. [node:read-more:link]
Total construction starts (in dollars) slumped 7% from May to June at a seasonally adjusted annual rate, but unadjusted starts soared 13% year-to-date, Dodge Data & Analytics reported on July 20. “All three major sectors (residential, nonresidential building, and nonbuilding) pulled back during the month… [node:read-more:link]
Gap between costs and bid prices widens in June; steel climbs further, lumber tumbles in July. [node:read-more:link]
Job openings, hires rates slip in May; Dodge Momentum Index declines in June but remains elevated [node:read-more:link]
Nonresidential construction logs another employment decline in June, spending decrease in May [node:read-more:link]
Construction jobs in May lag pre-pandemic peak in 42 states; AGC issues new Inflation Alert [node:read-more:link]
The gulf between contractors’ costs and pricing widened again in May. [node:read-more:link]
Construction employment falls in May; hourly earnings premium, hires decline in April; openings soar. [node:read-more:link]
