The Associated General Contractors of America has released new data which shows that construction companies are still struggling with the continuous rise of prices for materials and services.
It now costs about 20 percent more to build a commercial building in the United States than it did a year ago, according to an analysis of government data by a major construction trade group.
Contractors appear to be no longer willing to eat rising material and other costs driven by supply chain kinks, labor shortages and inflation, a new analysis of federal economic data by the Associated General Contractors of America suggests.
Construction employment in the Greater Boston area in January was up by 2.69 percent over January 2018.
Amid numbers that show growth in the construction industry nationwide in January, new data shows that Boston-area construction employment grew by 7,400 jobs from December 2017 to December 2018.
Earlier this year, President Donald Trump and his administration imposed a wide range of tariffs – and have since threatened to inflict more – stoking trade wars with allies and countries that do an immense amount of business with the U.S. such as China.