Capital Update 1/24/2023
OSHA inspected more construction sites last year than any other workplace OSHA inspected construction workplaces last fiscal year more than it inspected any other industry, an agency administrator told attendees during a presentation at Associated General Contractors of America’s Safety and Health conference Wednesday. Stephen … read more
Capitol Update 1/16/2023
What’s keeping contractors up at night? Builders are bullish on infrastructure work this year thanks to federal funding, but expect supply chain snarls and hiring difficulties to persist, according to Associated General Contractors of America’s 2023 Construction Outlook National Survey. COVID-19 continues to impact the industry, … read more
Capital Update 1/9/2023
Construction spending surprises with 0.2% gain in Nov. A 1.7% surge in nonresidential construction led an unexpected and overall gain of 0.2% in construction spending in November, according to the Commerce Department. However, the $1.81 trillion figure was held down by a 0.5% decline in … read more
Capitol Update 12/19/2022
AGC: Construction costs up 10% in 2022 A study by the Associated General Contractors of America found about a 10% increase in total costs for the construction industry over the past year. The study looked at building materials, fuel and labor and found persistent supply … read more
Capitol Update 12/12/2022
US could skirt recession, former Fed economist says While the potential risks of a coming economic downturn are “very high,” factors such as the strong labor market and loosening pressure on supply chains could see the U.S. economy narrowly missing a recession, Julia Coronado, president … read more