The Interchange

Your Idaho AGC News Source

Construction-input PPIs escalate, outpace contractors' prices; more price hikes announced

The producer price index (PPI) for final demand in February, not seasonally adjusted, increased 0.3% from January and 2.8% year-over-year (y/y) from February 2017, the Bureau of Labor Statistics (BLS) reported on Wednesday.

Employment, pay jump in February; most states add jobs in January; rebar prices rise again

Nonfarm payroll employment in February increased by 313,000, seasonally adjusted, from January and by 2,281,000 (1.6%) year-over-year (y/y) since February 2017, the Bureau of Labor Statistics (BLS)

Spending is flat in January; steel and aluminum tariffs threaten construction budgets, jobs

Construction spending totaled $1.263 trillion at a seasonally adjusted annual rate in January, virtually unchanged from the upwardly revised December rate and 3.2% higher than the January 2017 rate, the Census Bureau

Idaho AGC Attends Bi-Annual Centennial Job Corps' Workforce Development Breakfast

Education & Training Director Kristy Watson and Education Foundation Board Member Matthew Rehl attend the bi-annual Centennial Job Corps Workforce Development Breakfast held on March 1, 2018.  Industry partners in the construction trades across the Treasure Valley meet to talk to instructors and student in Welding, Carpentry, Painting and Drywall about career opportunities in Idaho and employable skills they need for a career in Idaho’s Construction Industry.  

Dodge starts slip in January; ABI signals widespread gains; multifamily signs are positive

                The value of new construction starts in January slipped 2% at a seasonally adjusted annual rate, following a 13% jump in December, construction data provider Dodge Data & Analytics

Producer prices accelerate; with increases announced; January starts data are mixed

            The producer price index (PPI) for final demand in January, not seasonally adjusted, increased 0.6% from December and 2.7% year-over-year (y/y) from January 2017, the Bureau of Labor Statistics (BLS)

College of Southern Idaho Offering Construction Math & Drawing Concepts Training

This course reviews math skills and basics to construction drawing related to the construction environment and demonstrates how they apply to the trades. This course will cover alphabet of lines, architectural drawing using residential drawings, use of architectural/engineering scale and tape measure, along with many other amazing topics. Each topic will be followed by a hands on exercise in the classroom.
 
When:  March 5th—14th 6:00 p.m.—9:00 p.m.
Where:  College of Southern Idaho

Employment rose in 3 out of 4 metros in 2017; highway construction prices turn higher

Construction employment, not seasonally adjusted, rose from December 2016 to December 2017 in 269 (75%) of the 358 metro areas (including divisions of larger metros) for which the Bureau of Labor Statistics (BLS) provides construction employment data, fell in 52 (12%) and was unchanged in 46, according to an AGC

Employment rises in January but pay increases remain modest; 2017 spending sets record

Nonfarm payroll employment in January increased by 200,000, seasonally adjusted, from December and by 2,114,000 (1.5%) year-over-year (y/y) in all of 2017, the Bureau of Labor Statistics (BLS)

Tax law changes affect contractors diversely; employment rose in 42 states in 2017

The Tax Cuts and Jobs Act will have diverse impacts on contractors' after-tax income and on demand for construction. In general, contractors taxed as C corporations will benefit immediately from a reduction in the top corporate tax rate from 35% to 21%. The impact on pass-through entities (S corporations, partnerships and sole proprietorships) will depend on the full set of tax changes for their owners/partners.

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