• CSC tag_orngBlu
  • Conference
      • About
        • About the Conference
        • Floor Plan / Sponsor List
        • Sponsors
        • FAQ
        • Contact Us
        • Health & Safety
      • Hotel & Travel
        • Hotel Accomodations
        • Travel Information
      • Attend
        • Why Attend?
        • Registration & Pricing
        • Agenda At-A-Glance
        • Conference Schedule
        • MCLE Accreditation
        • Speakers
        • Speaker Resources
      • Sponsor
        • Why Sponsor?
        • Sponsor / Inquire
        • Sponsor Resource Center
        • Sponsorship & Advertising
  • News
    • Latest News
  • Subscribe
    • Newsletter Signup
  • .
  • Conference
    • About
      • About the Conference
      • Floor Plan / Sponsor List
      • Sponsors
      • FAQ
      • Contact Us
      • Health & Safety
    • Attend
      • Why Attend?
      • Registration & Pricing
      • Agenda At-A-Glance
      • Conference Schedule
      • MCLE Accreditation
      • Speakers
      • Speaker Resources
    • Sponsor
      • Why Sponsor?
      • Sponsor / Inquire
      • Sponsor Resource Center
      • Sponsorship & Advertising
    • Hotel & Travel
      • Hotel Accomodations
      • Travel Information
  • News
    • Latest News
  • Subscribe
    • Newsletter Signup

December 9-11, 2025
Hyatt Regency Coconut Point, Bonita Springs, FL

Register Sponsor
Q

Latest News

August 16, 2022

Construction Spending Falls; Labor/Materials Shortages

“Strong demand for construction is being offset by rising materials prices and labor shortages,” said Stephen E. Sandherr, CEO of the AGC

Latest News
Latest News | News
August 16, 2022

Construction Spending Falls; Labor/Materials Shortages

“Strong demand for construction is being offset by rising materials prices and labor shortages,” said Stephen E. Sandherr, CEO of the AGC

ARLINGTON, VA – Total construction spending fell by 1.1 percent in June as spending on new housing and nonresidential projects declined compared to May, according to an analysis of federal spending by the Associated General Contractors of America. Association officials said that the construction spending figures are being impacted as materials and labor shortages are slowing schedules and increasing the cost of construction.

“Strong demand for construction is being offset by rising materials prices and labor shortages,” said Stephen E. Sandherr, the association’s CEO. “As firms stretch schedules and boost costs to cover rising materials prices it is getting harder for public and private owners to proceed with some planned projects.”

Construction spending, not adjusted for inflation, totaled $1.76 trillion at a seasonally adjusted annual rate in June. That figure was 1.1 percent below the upwardly revised May rate and 8.3 percent higher than in June 2021. Private nonresidential construction spending declined for the fourth month in a row, slipping 0.5 percent from May, although the June rate was 1.7 percent higher than in June 2021.

Public construction spending decreased for the second-straight month, falling 0.5 percent from May but was up 0.4 percent from the year-ago rate. Residential spending fell by 1.6 percent for the month, but it up 15.4 percent compared to last June.

The downturn in nonresidential construction spending was widespread. The largest segment, power—comprising electric, oil, and gas projects—slipped 1.7 percent in June. Spending on commercial construction—warehouse, retail, and farm projects—declined 0.5 percent. Educational construction spending decreased 0.5 percent. Among the five largest segments, only manufacturing construction did not fall.

Association officials urged public leaders to boost investments in training programs that expose new and transitioning workers to high-paying construction career opportunities. And they urged officials at all levels of government to work together to address port backups, shipping shortages and manufacturing challenges that are taxing every point of the construction material supply chain.

“Attracting more people into construction careers and fixing the broken supply chain for key materials will help kick start a number of stalled construction projects,” Sandherr said. “In other words, addressing labor and materials shortages is the best way to boost construction spending.”

Article appears courtesy of the Associated General Contractors of America, Arlington, Va.

Latest News•News

SHARE

Share on Email
Share on Linkedin
Share on Facebook
Share on Pinterest
Share on Twitter
← Previous Article Next Article →
Latest News Latest NewsNews

Tariffs Drive Up Prices On Key Construction Materials

Steep tariff increases on aluminum and steel, along with a recent tariff on raw copper, drove the producer price index.

Latest News Latest NewsNews

Expanding Roles for In-House Counsel

According to John Fedun, many services that have traditionally been outsourced are now being brought in-house.

Latest News Latest NewsNews

Tariffs Drive Up Prices On Key Construction Materials

Steep tariff increases on aluminum and steel, along with a recent tariff on raw copper, drove the producer price index.

Latest News Latest NewsNews

Conference Connections and In-Person Education 

Why spend the time, money, and effort in the digital age? We asked why CSC attendees continue to make the trip.

Latest News Latest NewsNews

Construction Spending Decreases by 0.3 Percent

It's the largest year-over-year decrease since February 2019, according to an analysis by the AGC.

Latest News Latest NewsNews

Workforce Planning will Attract AI and Automation

New report reveals that 98% of construction leaders plan to use AI, automation, and analytics for workforce planning.

Latest News Latest NewsNews

Changing Attitudes Toward Mental Health

Has the level of awareness increased when it comes to the importance of mental health among construction attorneys?

Latest News Latest NewsNews

Tariff Survey – Reshoring?

A recent survey of industrial/manufacturing sector execs found Less than 10% of U.S. companies have reshored production in response to tariffs.

SHOW INFORMATION

SIGN UP

Register now for the opportunity to connect with thousands of atttendees and vendors

Register
Sponsor / Inquire
FOLLOW US ON
  • Follow
  • Follow
  • Follow
Emerald Logo
© 2025 Emerald X, LLC. All Rights Reserved
ABOUTCAREERSAUTHORIZED SERVICE PROVIDERSYour Privacy ChoicesTERMS OF USEPRIVACY POLICY