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Construction Employment Down due to Lost Jobs and Cancellations

7/2/2021

Contribution Factors: Excessive materials costs, delays from supply chain interruptions, shortage of labor force leads to double labor rates...

 

  • Contribution Factors:
    • Excessive materials costs
    • Delays from supply chain interruptions
    • Shortage of labor force leads to double labor rates

Source: Associated General Contractors of America, Wall Street Journal

    • Architecture Billing Index Rose to Highest in 25-years
      • "Despite ballooning costs for construction materials and delivery delays, design activity is roaring back as more and more places reopen...However, concern over rising inflation and ongoing supply chain disruptions, as well as emerging labor shortages, could dampen the emerging construction recovery"

Source: Kermit Baker, Hon. AIA, PhD., American Institute of Architects

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