The Association of General Contractors (AGC) in partnership with Sage released “The 2025 Construction Hiring and Business Outlook,” reporting the expectations of commercial construction firms for 2025. Contractors are overall optimistic, but labor challenges, materials costs and the incoming administration’s policies pertaining to immigration and trade are listed as top concerns.
Construction employment increased in 234, or 65 percent, of 358 metro areas between November 2023 and November 2024; firms continue to boost pay rates as many of them struggle to find enough qualified workers to hire.
Pending home sales gained 2.2% in November – the fourth consecutive month of increases and the highest level since February 2023 – according to the National Association of Realtors.
Construction spending rose 0.4% in October driven by residential gains, while many federal projects remain stalled due to regulatory reviews, according to a new Associated General Contractors of America analysis.
Residential construction is increasingly moving to suburban and outlying areas due to rising building costs, land scarcity, and worker shortages, according to a new NAHB report.
Vince Lowe, senior VP and general manager home specialty and flooring with Synchrony, talks through the high points on“The Future of Retail” report, reveals more about consumer shopping trends, how technology is shaping the shopping experience and where technology is heading in the next six years.
Universal Fibers has released its latest Sustainability Snapshot. Today, Universal Fibers is recognized as a “Virtual Zero Waste Company” and, earlier this year, became the first in the industry to earn Cradle to Cradle v4 material health certifications on their most sustainable fiber, Thrive matter.
Construction spending slid 0.3 percent from June to July, pulled down by declines in private residential and nonresidential construction. A newly released workforce survey indicates the decreases are attributable in part to a shortage of skilled workers.
The nation’s failure to invest in construction workforce education and training programs is having a real, measurable impact on the country’s ability to build infrastructure and other construction projects, according to the results of a workforce survey.
