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Report: Construction materials costs could kill contractor businesses

As the cost of construction materials go up, the cost of finished homes and buildings has made little improvement, threatening the building industry’s solvency, according to a report from the Associated General Contractors of America. Construction materials and fuels climbed in price over the last year, according to the report. The price index for diesel… Continue Reading Report: Construction materials costs could kill contractor businesses

National construction spending rose 0.4 percent in November, according to Census Bureau data released this week. It was the third consecutive month of gains. Private and residential public construction saw the largest spike in spending, with 0.7-percent increases over October. Private non-residential construction fell 0.1-percent month over month. While this may be good news on paper, Associated General Contractors of… Continue Reading Construction spending sees third straight month of gains

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November construction employment in Colorado Springs fell 8 percent from last year, losing more than 1,100 jobs, according to the latest industry reports. Construction employment was either steady or grew in 120 of the 337 markets tracked by the report. However the Associated General Contractors of America said strength in the sector was primarily due to temporary government spending and… Continue Reading Colorado Springs sheds more than 1,000 construction jobs last year

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President Obama’s deficit commission is reviewing a 15-cent increase to the federal gas tax that would fund infrastructure projects around the country. The Associated General Contractors of America came out in support of the proposal today. “The deficit commission proposal wisely appreciates that the best way to reduce the deficit and simultaneously support a strong… Continue Reading Deficit commission proposal a potential boon for contractors

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Construction employment expands in Colorado

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Colorado was one of 29 states to add construction jobs between September and October. According to an Associated General Contractors of America report, Colorado added the fifth highest percentage of construction jobs over that time period. “Considering that most states adding construction jobs in October had shed workers in September, it is safe to say that construction… Continue Reading Construction employment expands in Colorado

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Colorado Springs led the state in construction employment last year, but projects nationwide only grew in four out of 337 metropolitan areas, said the Associated General Contractors of America. The association said spending on projects dropped by $100 billion in December to a six-year low of $903 billion. Colorado Springs ranked No. 216 for overall construction… Continue Reading Colorado Springs leads state for construction employment

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Not surprisingly, construction employment declined in most metropolitan areas from April 2008 to April 2009, which has prompted some to say it’s high time to use stimulus money to help the issue. Ken Simonson, chief economist for Associated General Contractors of America, said the data shows a need for the federal government to move quickly… Continue Reading Construction job decline cries for stimulus money

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