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Construction employment in August remained below the levels reached before the pre-pandemic peak in February 2020 in 39 states. This is according to an analysis by the Associated General Contractors of America of government employment data released recently. Association officials urged the House of Representatives to quickly pass the bipartisan […]
Demand for different types of construction continued to diverge in June as residential construction increased for the month and the year while nonresidential construction spending fell again, according to a new analysis of federal construction spending data the Associated General Contractors of America released today. Officials noted the nonresidential declines […]
The 2020 COVID-19 pandemic. The Winter Storm Uri in Texas. Severe weather in the Midwest. High consumer demand. A container shortage. Embargoes and employee shortages and the Suez Canal blockage. All of these things created the perfect storm that led to today’s challenging construction environment. This is according to presenters […]
The Concrete Foundations Association (CFA) is the leading organization serving as the voice of cast-in-place contractors. Recently, the group provided an update related to the continued industry-wide effort to mitigate the current shortage of steel form ties across the North American markets. According to James Baty, Executive Director of the […]
Equipment rental revenue, comprised of the construction/industrial and general tool segments, is expected to explode past its peak totals in 2022 according to the latest ARA forecast released by the American Rental Association (ARA). The updated forecast calls for equipment rental revenue to reach just under $47.7 billion in 2021, […]
The demand for 2K protective coating revenue has witnessed a significant growth in the past few years, due to rising urbanization in developing countries. People are moving towards urban areas from rural areas. This has increased the demand for residential and infrastructure projects in developing countries. 2K protective coating plays […]
The global concrete repair mortars market size is expected to reach USD 3.73 billion by 2028 according to a new study by Polaris Market Research. The report “Concrete Repair Mortars Market Share, Size, Trends, Industry Analysis Report, By Mortar Type (Epoxy-Based Mortar, Polymer-Modified Cementitious Mortar); By End-Use (Utility, Roads & […]
The construction industry faces a shortfall of workers, nearing 200,000 according to a new report released by the Home Builders Institute (HBI). The construction industry worker shortage wil hurt both supply and housing affordability nationwide. The first-ever HBI Construction Labor Market Report notes that shortages of skilled trade workers directly […]
The Portland Cement Association (PCA) Market Intelligence Group released their March economic update. The update focuses on the impacts of the $1.9 trillion American Rescue Plan Act of 2021. The update also discusses how latest round of fiscal stimulus will provide positive support for key macroeconomic indicators and prevent the […]
The Concrete Foundations Association (CFA) – the leading organization serving as the voice of cast-in-place contractors – has announced an industry-wide effort to mitigate the pending steel form tie shortage across the North American markets. According to James Baty, executive director of the CFA, the shortage of steel form ties […]
