Construction input prices increased 1.9% in June compared to the previous month, according to an Associated Builders and Contractors analysis of U.S. Bureau of Labor Statistics’ Producer Price Index data released today.
Associated Builders and Contractors reports today that its Construction Backlog Indicator fell 0.1 months in June and stands at 8.9 months, according to an ABC member survey conducted June 21 to July 5.
working for the construction companies or whether they are working for material suppliers. and the prices of materials are soaring a trade group called associated builders and contractors that construction input prices are up 21% from a year ago that reagan s local government officials are being forced to delay or a trust project deadlines of drilling in all this means is that taxpayers are going to get less bang for their buck lack of workers means longer timetables which means less work getting done with the funds that congress allocated. jillian. so proud to always impact players guo scruggs with the book lydia new york thank you. that s truth and a new study shows a recreational marijuana users are 20 purdue percent likely to visit emergency room or be hospitalized compared to those who do not. that do not use weed or pod whatever housing it physical or bodily injuries let s bring in
construction companies are suffering high turnover as they re competing with other industries for workers. that s happening even as the average hourly wage for construction jobs is pretty high, over $32 an hour. 6% from last year and higher than the average hourly wage across the entire private sector coming in at around $27 an hour. hiring is happening but it s not what is needed. contractors hired around 455,000 people last month. that is not nearly the amount that is open on the table. still around half a million jobs needed. the prices of material are soaring. a trade group called associated builders and contractors says construction input prices are up 21% from a year ago. that is forcing governments to delay or adjust their construction projects. watch here. the final cost of a project is causing projects to slip.