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AGC: Construction spending dips in October
Total construction spending dropped 0.3 percent in October with downturns in homebuilding and most major nonresidential categories, according to an Associated General Contractors of America (AGC)...
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AGC: Nonresidential construction materials prices fall in August
The price of materials and services used in nonresidential construction declined 1.1 percent from July to August as a steep drop in fuel prices masked increases in the cost of other construction...
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Report: Four out of five states added construction jobs in 2022
Forty U.S. states added construction jobs in 2022, according to an Associated General Contractors of America (AGC) analysis of federal employment data. AGC officials say demand for many types of...
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Contractors remain cautiously optimistic in 2023
The Associated General Contractors of America and Sage Policy Group teamed to release their annual survey titled: “High Hopes for Public Funding Amid Workforce & Supply Chain Challenges.” Photo:...
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AGC: Nearly half of U.S. adds construction jobs in April
Construction employment increased in 42 states in April from a year earlier, while only 24 states added construction jobs from March to April, according to an Associated General Contractors of America...
View ArticleAGC: More interest rate hikes likely
While the Federal Reserve opted to not raise interest rates in September, Ken Simonson with the Associated General Contractors of America foresees additional increases early in 2024. Featured photo:...
View ArticleRecession avoidable, vulnerabilities remain
Associated General Contractors of America’s chief economist Ken Simonson says the U.S. will likely avoid a recession in 2024, but ongoing worldwide concerns need to be monitored. Featured photo:...
View ArticleConstruction’s 2023 performance, 2024 outlook
Ken Simonson, chief economist with the Associated General Contractors of America, looks at what trends emerged in the construction industry in 2023 and how those trends could play out in the coming...
View ArticleWhere the U.S. stands with IIJA funding
Funds from the Infrastructure Investment & Jobs Act (IIJA) have been dolled out to different projects at different rates. See what Ken Simonson with the Associated General Contractors of America...
View ArticleNonresidential construction outlook for 2024
Associated General Contractors of America’s chief economist Ken Simonson talks about what types of projects will drive nonresidential construction in the coming year. VDG is the leading manufacturer...
View ArticleAGC: Labor issues still lingering
Workforce shortages continue to be a hindrance to the construction industry. The Associated General Contractors of America’s Ken Simonson shares his thoughts on the current state of industry...
View ArticleThe current state of concrete, cement
Ken Simonson, chief economist at the Associated General Contractors of America, says he was pleasantly surprised by the performance of ready-mixed concrete and cement in 2023 – and he is optimistic...
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AGC: Construction industry adds jobs in December
The construction sector added 17,000 employees in December and continued to raise wages at a faster clip than other industries, according to an Associated General Contractors of America (AGC) analysis...
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Episode 3: Dirt World Summit, economic update
In this episode of Drilling Deeper, Kevin and Jack recap their experience at the inaugural Dirt World Summit, hosted by Build Witt. Hear about key talking points from the summit including workforce...
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AGC: Construction spending dips in April
Total construction spending decreased slightly in April, impacted by declines in public projects and a mixed pattern among private residential and nonresidential categories, according to an Associated...
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Report: Construction employment up in half of US
Construction employment is up in 39 states dating back to last May, with 26 states adding construction jobs from April to May of this year, according to an analysis of federal employment data released...
View ArticleEpisode 24: Industry economists offer short-term outlook
On this episode of “Drilling Deeper,” P&Q managing editor Jack Kopanski discusses the latest economic developments and how they are impacting construction and aggregates. Jack is joined by Ken...
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Economists offer promising industry outlook for fourth quarter, 2025
Data centers remain a driver for the nonresidential sector, and economists anticipate this trend to continue. Photo: Gerville/iStock / Getty Images Plus/Getty Images The third quarter of 2024 brought...
View ArticleHow the election could impact construction
Ken Simonson, chief economist at the Associated General Contractors of America, discusses how the upcoming election could impact factors including tariffs, regulations and infrastructure spending....
View ArticleEpisode 26: Economists provide 2025 construction sector outlook
On this episode of “Drilling Deeper,” P&Q managing editor Jack Kopanski discusses what is ahead for each construction sector for the rest of 2024 and into 2025. Jack is joined by Ken Simonson,...
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