Construction employment, not seasonally adjusted, increased from July 2020 to July 2021 in 268 (75%) of the 358 metro areas (including divisions of larger metros) for which the Bureau of Labor Statistics (BLS) posts construction employment data, decreased in 54 (15%) and was unchanged in 36, according to an analysis AGC released.
September 01, 2021
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.
August 09, 2021
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.
August 03, 2021
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…
July 28, 2021