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.TOP NEWS
Construction adds 31,000 jobs in November, with gains in all segments
The USGlass News Network
According to an analysis by the Associated General Contractors of America, construction employment increased by 31,000 jobs between October and November as nonresidential construction firms added workers for the third month in a row. Association officials said construction firms were likely to have added even more jobs if they could find more qualified workers to hire with many firms reporting a growing number of unfilled positions.
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Why is the Biden administration increasing the cost of building houses?
NPR
The average American home is now more expensive than it's ever been. For homeowners, that's probably great news. For renters and would-be homebuyers, it's a calamity. A big part of the reason for surging prices is a lack of new housing supply. And to build new houses, you need lumber.
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Dodge Momentum Index slips in November as commercial losses offset institutional gains
For Construction Pros
The Dodge Momentum Index fell 4% in November to 171.7 (2000=100) — down from the revised October reading of 178.1. The Momentum Index, issued by Dodge Construction Network, is a monthly measure of the initial report for nonresidential building projects in planning, which have been shown to lead construction spending for nonresidential buildings by a full year. In November, commercial planning fell 8% while institutional planning moved 5% higher.
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Report links construction unions to safer worksites
Safety and Health Magazine
Unionized construction worksites may be nearly one-fifth less likely to incur OSHA health and safety violations than their nonunionized counterparts, with positive effects on safety even more prevalent in the Midwest, a recent report shows.
Researchers at the Illinois Economic Policy Institute and the Project for Middle Class Renewal at the University of Illinois at Urbana-Champaign examined more than 37,000 OSHA inspections of construction jobsites conducted in 2019, nearly 2,900 of which took place at union worksites.
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.AWDI DOOR & WINDOW DIRECTORY
From lumber to steel, construction materials are following an unpredictable path
Seeking Alpha
Despite wholesale cash prices coming down several months ago on several construction related commodities, such as lumber, consumer-level retail prices have not necessarily seen the same drops.
Lumber prices have been volatile since the start of the COVID-19 pandemic, and implied volatility has climbed to staggering levels during 2020 and 2021.
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