A survey released by the Associated General Contractors of America (AGCA)’s new Labor Department found 80 percent of respondents reported difficulty filling hourly craft worker positions. As a result, 62 percent of firms report they are paying higher salaries to attract and retain workers.
The cost of construction products climbed 7.4 percent over the past year due to double-digit increases in commonly used materials, according to an analysis by the AGCA.
AGCA officials said cost increases come as many construction firms are faced with shortages of skilled craftspeople essential for projects but have limited ability to increase prices for their services. Read the full story here.
https://www.constructionspecifier.com/agca-analysis-reveals-increase-in-cost-for-construction-products/