Tag: AGC

AGC Reports 7.1% Increase in Construction Input Costs

Posted on
by LICA-National

The producer price index for inputs to new nonresidential construction rose 7.1 percent from July 2025 to July 2026 as numerous input prices accelerated to multi-year highs, according to an analysis of government data by the Associated General Contractors of America. AGC reports that the largest price increases affected petroleum products and metals that are subject to tariffs of up to 50 percent. The producer price index for diesel fuel, which reflects prices at the refinery or fuel terminal level, jumped 44.2 percent from July 2025 to last month despite declining for two months in a row. The index for liquid asphalt soared 45.2 percent year-over-year, following a 1.2 percent monthly gain in July.


View More →

Construction Material Price Hikes Reduce Demand

Posted on
by LICA-National

The Producer Price Index (PPI) for materials and services used in nonresidential construction rose 0.1 percent from January and 3.1 percent compared to February 2025, driven by sharp increases in metal prices. An analysis by the Associated General Contractors of America (AGC) warned that rising costs are making it increasingly difficult for contractors and owners to proceed with planned projects.


View More →

Post Pandemic Construction Boom Cools – Inflation, Tariffs, Worker Shortage Impact Industry

Posted on
by LICA-National

Injections of federal funding, coupled with pent-up demand from the pandemic shutdowns, created a robust construction market in 2022 and 2023. In 2024, signs of market softening began and continues into 2025. The Associated Builders and Contractors (ABC) reports that its backlog indicator, which reflects the work commercial and industrial contractors have coming in the months ahead, shows a drop in monthly backlog from 8.9 months in 2023 to 8.3 months in 2024 and has fluctuated around that number throughout the first half of 2025.


View More →

AGC Survey Finds Contractors Have Mixed View on 2024 Market – Surprised?

Posted on
by LICA-National

Construction contractors have a decidedly mixed outlook for 2024 as firms predict transitions in demand for projects, the types of challenges they will face and the technologies, including artificial intelligence, they will embrace according to survey results the Associated General Contractors of America and Sage released today. Amid these changes, contractors are struggling to cope with significant labor shortages, the impacts of higher interest rates and input costs, and a supply chain that, while better, is still far from normal, according to A Construction Market in Transition: The 2024 Construction Hiring and Business Outlook.


View More →

AGC Moves to Block Davis Bacon Expansion

Posted on
by LICA-National

The Associated General Contractors of America filed suit today in federal court to block the Biden Administration’s unlawful effort to expand the reach of a decades-old law that governs wage rates on federally funded construction projects. Association officials noted that the administration lacks the legal authority to expand the law to cover manufacturing facilities miles away from projects, or to retroactively impose the measure on already-executed contracts, among other concerns.


View More →

AGC Takes Priorities to Federal Highway Administration Leader

Posted on
by LICA-National

AGC CEO Stephen Sandherr and members of AGC’s Government Affairs staff met with the Federal Highway Administration’s (FHWA) Administrator, Shailen Bhatt, on January 24 to discuss top industry priorities including, among other things, ongoing implementation of the Bipartisan Infrastructure Law (BIL), the Disadvantaged Business Enterprise (DBE) program, ongoing supply chain constraints, and work zone safety.


View More →