News & Opinions
The latest news and insights from Hanley Wood’s outspoken experts and key thought-leaders throughout the residential and commercial design and construction industry.
Associated General Contractors / April 1, 2014
Private Sector Appears Poised to Increase Construction Activity in 2014 But Highway and Transit Outlays May Plunge Unless Trust Fund is Renewed This Summer, Association Officials Warn
Total construction spending in February edged up from January despite adverse weather in much of the nation, as private residential and nonresidential components posted solid growth compared with early 2013, according to an analysis of new Census Bureau data by the Associated General Contractors of America (AGC). Association officials noted that the construction spending figures would have beenRead More
Associated General Contractors / January 21, 2014
Many firms plan to start hiring again and most contractors predict demand will either grow or remain stable in virtually every market segment this year according to survey results released today by the Associated General Contractors of America. The survey, conducted as part of Optimism Returns: The 2014 Construction Industry Hiring and Business Outlook, provides a generally upbeat outlook for the year even as firms worry about growing worker shortages, rising costs and the impact of new regulations and federal budget cutting.
“Contractors are more optimistic about 2014 than they haveRead More
Associated General Contractors of America / January 2, 2013
Spending Levels Held Back by Public Sector Declines, Association Officials Urge Congress and Administration to Work Together to Boost Economy, Pass Vital Infrastructure Measures
Total construction spending increased between October and November and for the year amid growing private-sector demand, according to an analysis of new Census Bureau data by the Associated General Contractors of America. Association officials noted, however, that the spending levels were held back by declining public sector investments for both the month and the year.
“The nonresidential constructionRead More
AGC of America / December 17, 2013
The producer price index (PPI) for finished goods fell 0.5%, not seasonally adjusted (-0.1%, seasonally adjusted), in November and edged up just 0.7% over 12 months, the Bureau of Labor Statistics (BLS) reported December 13. The PPI for inputs to construction—a weighted average of the cost of all materials used in construction plus items consumed by contractors such as diesel fuel—also dropped 0.5% for the month and rose 1.1% year-over-year. The PPIs for inputs to different types of construction all declined for the month and increased only slightly year-over-year: residential, -0.3%Read More
AGC of America / December 2, 2013
An unusual surge in public construction in October pushed total construction spending to its highest level since May 2009 despite a dip in both private residential and nonresidential activity, according to an analysis of new Census Bureau data by the Associated General Contractors of America. Association officials urged lawmakers in Washington to make water and surface transportation investment a top federal priority.
“Nearly every category of public construction increased in October, according to the preliminary Census figures, although for the first 10 months of 2013 combined,Read More