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The momentum boosting the number of states adding construction jobs stalled in March as only 12 states and the District of Columbia added jobs since February, another 36 states lost construction jobs and employment levels remained flat in two other states, according to an analysis by AGC of Labor Department data. The year-over-year figures were little better, association officials added, noting that only 24 states and D.C. added construction jobs between March 2011 and 2012 while 24 lost jobs and two were unchanged.
The cost of construction materials jumped in March, even as the amount contractors charge to complete projects remained stagnant, according to an analysis of producer price index figures released today by AGC.聽 Association officials noted that the spike in materials prices continues despite relatively weak overall demand for construction, and cautioned that current market conditions could force some firms out of business.
Construction employment increased in 171 out of 337 metropolitan areas between February 2011 and February 2012, decreased in 119 and stayed level in 47, according to a new analysis of federal employment data released by AGC.
Construction spending in February topped year-ago totals by 5.8 percent as a double-digit increase in private construction offset a small drop in public sector spending, according to a new analysis of federal data released today by AGC. The gains occurred despite a 1.1 percent decrease in spending from January to February and a dip of 0.8 percent the month before, based on revised data.
Construction employment rose in 30 states and the District of Columbia between February 2011 and February 2012, while 18 states lost construction jobs and two held steady鈥攖he best net positive showing for state construction employment since January 2007, according to an analysis byAGC of Labor Department data. Twenty-nine states and D.C. added construction jobs between January and February, while 21 states had decreases for the month.
During AGC鈥檚 Annual Convention, AGC chief economist Ken Simonson and Reed Construction Data鈥檚 U.S. chief economist Bernard Markstein, held an economic luncheon.聽 During the event, both economists provided a relatively upbeat assessment of the economic outlook for the construction industry.
AGC today announced the new officers who have been selected to lead the nation鈥檚 largest construction trade association. 聽Joseph Jarboe, senior vice president of Bethesda, M.D.-based Clark Construction Group, will serve as president; Paul Diederich, president of West Fargo, N.D.-based Industrial Builders, Inc., will serve as senior vice president; Alan Landes, president and COO of St. Joseph, Mo.-based Herzog Contracting Corp. will serve as vice president; and David Hanson, senior vice president of Detroit-based Walbridge, will serve as treasurer.鈥淥ur economy is hopefully on the rebound and exciting new technologies are changing the face of our industry,鈥 said Jarboe, AGC鈥檚 new president. 鈥淏y working together and building effective connections, we can ensure that the construction industry will help build a better future for America.鈥
Arlington鈥檚 Pentagon renovation project was the most significant construction projects of 2011, AGC announced today. As a result, the project鈥檚 contractor, Hensel Phelps Construction Co., was the grand award winner while 15 other firms received the association鈥檚 Alliant Build America Award in other categories.
The cost of construction materials accelerated dramatically in February after moderating for several months, according to an analysis of producer price index figures released today by AGC. As a result, construction firms will be forced to pay more for key materials even as demand for construction remains weak, AGC officials noted.
Dozens of volunteer contractors renovated the facility of a Honolulu-based charity group named HUGS that supports families with seriously ill children free-of-charge.聽 The renovation project was organized by the philanthropic organization 蜜桃导航 Charities, Inc., was the group's third annual Operation Opening Doors effort.