Overall Costs for Construction Materials Decline Steeply in December but Contractors Remain Wary Costs Will Go Up Again in the Year Ahead
Plunging prices for diesel fuel, lumber, and steel cooled inflation for materials and services used in construction in December, but relief may be short-lived, according to an analysis by the Associated General Contractors of America of government data released today. Association officials noted that contractors listed material costs as one of their top concerns in…
10 Architectural and Building Information Requirements That Every Contractor Needs To Know
By Helen Callier, Contributing Writer Regardless if the construction market is hot, cold, or lukewarm, what the PermitUsNow team knows for sure is that a building permit is needed in a timely manner. Getting a permit fast helps project owners to become profitable sooner or to begin enjoying their dream. This complex, ever-changing world of…
Construction Adds 20,000 Employees In November As Average Hourly Pay Jumps More Than 6 Percent, Outpacing Overall Private Sector Increase
Construction companies added 20,000 employees in November and continued to raise wages for hourly workers more steeply than other sectors as the industry’s unemployment rate tumbled, according to an analysis by the Associated General Contractors of America of new government data. Association officials said the data shows that firms would have added significantly more workers…
Construction Materials Costs Rise 10.1 Percent Between November 2021 and November 2022 With Double-Digit Increases in Numerous Building Products
The price of materials and services used in nonresidential construction continued rising at a double-digit rate in November from a year earlier, propelled by outsized increases in the cost of a variety of building materials, according to an analysis by the Associated General Contractors of America of government data released today. Association officials noted that…
5 Ways Open Communications About Compliance With Building Codes Make for a Safer Job Site
By Helen Callier, Contributing Writer We have been in the construction industry and managing building permits for many years. And what we know for sure is there is no doubt that building codes exist to protect everyone from being injured or killed on the job site, and when they are followed, construction accidents are…
Construction Bid Prices Jump in October Amid Mixed Costs for Materials as Contractors Cope With Supply-Chain, Labor Availability Challenges
A measure of construction contractors’ bid prices moved sharply higher in October as firms coped with ongoing supply-chain challenges and a tight labor market, according to an analysis by the Associated General Contractors of America of government data released recently. Association officials said rising construction costs threaten to undermine demand for projects and urged administration…
Construction Employment Grows in 269 of 358 Metro Areas From September 2021 to 2022 but Looming Challenges Imperil Future Gains
Construction employment increased in 269 of 358 metro areas between September 2021 and September 2022, according to an analysis by the Associated General Contractors of America of new government employment data. But association officials noted that those job gains could stall as the industry faces a growing list of challenges, including labor shortages, rising materials…
Play Ball for Permitting Construction Projects in 2023
By Helen Callier, Contributing Writer “Play ball” is two words you should remember going into 2023. I enjoy networking with contractors, developers, and others in the construction industry. I recently attended the American Turkic Real Estate and Construction Summit in Houston and here’s the bottom line for the 2023 economy in Texas and in the…
Construction Input Costs Jump 12.6 Percent Year-Over-Year Despite Dip in September as Most Materials Post Double-Digit Increases Over 12 Months
The price of materials and services used in nonresidential construction jumped 12.6 percent in September from a year earlier despite a dip of 0.2 percent last month, according to an analysis by the Associated General Contractors of America of government data released recently. Association officials note that the construction industry was suffering the most from…
How Will the Looming Recession Impact Construction Jobs?
Jobs come, and jobs go. There isn’t much of a call for harpooners on whaling ships anymore. Of course, ten years ago, most people couldn’t imagine anyone working as a cryptocurrency investigator. It’s not just innovation, though. Economic forces can squeeze people right out of certain fields. With a recession looming or already here, MerchantMaverick.com…
Contractors: What Does Fútbol Have To Do With Permitting?
By Helen Callier, Contributing Writer A few months ago, I was a featured workshop speaker providing insights and tips for navigating the construction industry. Most folks that have heard me speak before or have read any of my articles know that I am a storyteller sharing real-life stories from experiences from projects and often makes…
Construction Input Costs Decrease 1.1 Percent Amid Falling Fuel Prices, but Other Goods and Some Services Continue Upward Price Trend
The price of materials and services used in nonresidential construction declined by 1.1 percent from July to August as a steep drop in fuel prices masked increases in the cost of other construction inputs, according to an analysis by the Associated General Contractors of America of government data released recently. Association officials cautioned that limited…
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