{"id":34327,"date":"2021-05-17T16:36:02","date_gmt":"2021-05-17T20:36:02","guid":{"rendered":"https:\/\/www.glensfalls.com\/glensfallsbusinessjournal\/?p=34327"},"modified":"2021-05-18T09:58:29","modified_gmt":"2021-05-18T13:58:29","slug":"associated-general-contractors-of-america-says-industry-still-struggling-with-pricing","status":"publish","type":"post","link":"https:\/\/www.glensfalls.com\/glensfallsbusinessjournal\/2021\/05\/associated-general-contractors-of-america-says-industry-still-struggling-with-pricing\/","title":{"rendered":"Associated General Contractors Of America Says Industry Still Struggling With Pricing"},"content":{"rendered":"<p class=\"p1\"><span class=\"s1\">Construction employment was unchanged from March to April as nonresidential contractors and homebuilders alike struggled to obtain materials and find enough workers, according to an analysis by the Associated General Contractors of America of government data released May 7. <\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">Association officials said the industry\u2019s recovery was being hampered by problems getting stable prices and reliable deliveries of key materials, while the pandemic and federal policies were making it harder for firms to find workers to hire.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">\u201cContractors are experiencing unprecedented intensity and range of cost increases, supply-chain disruptions, and worker shortages that have kept firms from increasing their workforces,\u201d said Ken Simonson, the association\u2019s chief economist. \u201cThese challenges will make it difficult for contractors to rebound as the pandemic appears to wane.\u201d<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">Construction employment in April totaled 7,452,000, matching the March total but amounting to 196,000 employees or 2.6 percent below the most recent peak in February 2020. The number of former construction workers who were unemployed in April, 768,000, dropped by half from a year ago and the sector\u2019s unemployment rate fell from 16.6 percent in April 2020 to 7.7 percent last month.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">\u201cThe fact that employment has stalled\u2014despite strong demand for new homes, remodeling of all types, and selected categories of nonresidential projects\u2014suggests that contractors can\u2019t get either the materials or the workers they need,\u201d Simonson said. <\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">The economist noted that many firms report key materials are backlogged or rationed, while others report they are having a hard time getting former workers to return to work. He added these factors are contributing to rising costs for many contractors, which are details in the association\u2019s updated Construction Inflation Alert.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\"><!--more-->Although employment was nearly stagnant for the month for both residential and nonresidential construction, the sectors differ sharply in their recovery since the pre-pandemic peak in February 2020. <\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">Residential construction firms\u2014contractors working on new housing, additions, and remodeling\u2014gained only 3,000 employees during the month but have added 46,000 workers or 1.6 percent over 14 months. The nonresidential sector\u2014comprising nonresidential building, specialty trades, and heavy and civil engineering contractors\u2014shed 3,000 jobs in April and employed 242,000 fewer workers or 5.2 percent less than in February 2020.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">Association officials said that the temporary new federal unemployment supplements appear to be keeping some people from returning to work, while others are being forced to care for dependents not yet back in school or day care, or loved ones afflicted with the coronavirus. <\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">They added that federal tariffs and labor shortages within the shipping and manufacturing sector are a major reason for the rising materials prices and supply chain problems.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">\u201cIronically, the latest coronavirus relief bill may actually be holding back economic growth by keeping people away from work at a time when demand is rebounding,\u201d said Stephen E. Sandherr, the association\u2019s chief executive officer. \u201cFederal officials need to look at ways to encourage people to return to work, end damaging tariffs on materials like steel and lumber, and act to ease shipping delays and backlogs.\u201d<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Construction employment was unchanged from March to April as nonresidential contractors and homebuilders alike struggled to obtain materials and find enough workers, according to an analysis by the Associated General Contractors of America of government data released May 7. Association officials said the industry\u2019s recovery was being hampered by problems getting stable prices and reliable [&hellip;]<\/p>\n","protected":false},"author":89,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\r\n<title>Associated General Contractors Of America Says Industry Still Struggling With Pricing - Glens Falls Business Journal<\/title>\r\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\r\n<link rel=\"canonical\" href=\"https:\/\/www.glensfalls.com\/glensfallsbusinessjournal\/2021\/05\/associated-general-contractors-of-america-says-industry-still-struggling-with-pricing\/\" \/>\r\n<meta property=\"og:locale\" content=\"en_US\" \/>\r\n<meta property=\"og:type\" content=\"article\" \/>\r\n<meta property=\"og:title\" content=\"Associated General Contractors Of America Says Industry Still Struggling With Pricing - Glens Falls Business Journal\" \/>\r\n<meta property=\"og:description\" content=\"Construction employment was unchanged from March to April as nonresidential contractors and homebuilders alike struggled to obtain materials and find enough workers, according to an analysis by the Associated General Contractors of America of government data released May 7. 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