Table 1 is a one-place depiction of the key percentage-change metrics for the 2022 Q1 put-in-place construction dollar volume statistics from the Census Bureau.

The breakouts in U.S. construction material input costs showed few signs of abating in March.

Originally published on June 8, 2016. Last updated on April 29, 2022. Let ConstructConnect provide you with a few construction site safety tips for workers and employers.

Is your construction firm planning to increase headcount in 2022? That could prove to be a difficult task. According to a recent survey by the Associated General Contractors of America, 88% of construction firms indicated they are experiencing project delays and worker shortages are the second leading cause (61%) cited behind longer lead times or shortages of materials (75%).

U.S. current (March) inflation of +8.5% year over year for the Consumer Price Index (i.e., known as CPI-U, with the U signifying that it’s for urban consumers) is the highest this century. It’s more than four times greater than the +2.0% figure usually accepted as the desirable target. A little inflation is judged to be a good thing for the economy. By making it easier to pay off loans, it greases the wheels of industry.

I hate to state the obvious, but if you are planning a new commercial construction project, your work has already begun. Break out your to-do checklist and prepare for what may not be as obvious or simple to calculate. These would be the costs, both planned and unpredictable, involved with bringing a commercial project to life. The steady uptick in costs from year to year has made access to materials, land, and labor a tough commodity. Detailed budget planning and strategy are necessary during preconstruction to bring the bottom line to light before your project hits rock bottom.

As the need for construction is growing tremendously, companies have to keep pace properly. Construction companies are handling expansion by embracing new technology in construction. There are numerous technologies available at present. New technologies persist in forcing construction companies to grow.

Megaprojects Slow to Kick In ConstructConnect announced today that March 2022's volume of construction starts, excluding residential work, was $34.4 billion, an increase of +31.8% compared with February’s figure of $26.1 billion (previously reported as $25.7 billion).

The accompanying table records the top 10 project starts in the U.S. for March 2022.

Clichés are often true and it is the case that a picture can be worth a thousand words.