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Construction supply costs down over fiscal cliff worries

The costs of construction materials and other construction inputs have fallen steeply, likely as a result of reduced demand due to fiscal cliff concerns, according to a report from the Associated General Contractors of America. For the 12 months ending in November, the producer price index for all construction inputs rose 1.0 percent, closely matching… Continue Reading Construction supply costs down over fiscal cliff worries

Some good news for hard-hat crews

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Construction firms added 14,000 new jobs in April, the second consecutive month of employment gains for the industry, according to an analysis of new federal figures released today by the Associated General Contractors of America. After more than two years of dramatic job losses, the construction industry is once again adding jobs, thanks primarily to… Continue Reading Some good news for hard-hat crews

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Jobs bill signed, contractors breathe again

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Construction industry leaders are breathing a collective sigh of relief this week. Battered since 2007 by nearly 1 million job losses and historic commercial construction revenue declines, industry leaders were nervous that American Reinvestment and Recovery funding might deadline or run out before some projects were completed. That was before the Hiring Incentives to Restore… Continue Reading Jobs bill signed, contractors breathe again

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A key federal transportation stimulus program expired Feb. 28, and the construction industry fears it will face mass layoffs and financial loss unless $932 million in earmarks are approved within weeks. “Federal funding has been giving contractors the lifeline they need to stay in business,” said Associated General Contractors of America chief economist Ken Simonson.“Without… Continue Reading As stimulus money dwindles, construction industry grasps for more federal help

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Contractors worried about 2010 budget cuts

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In a statement issued by the Associated General Contractors of America last week, construction industry analysts heralded a slowdown in layoffs and an actual increase in hiring in some areas – a direct affect of the American Recovery and Reinvestment Act of 2009. But the organization’s tone changed this week. In a follow-up statement, AGC… Continue Reading Contractors worried about 2010 budget cuts

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