The chief executive officer of the Associated General Contractors of America, Stephen E. Sandherr, issued the following statement in reaction to the release today of a proposed House measure, known as The Moving Forward Act, that seeks to invest $1.5 trillion in infrastructure:
“House leaders understand that one of the best ways to promote new economic growth is by investing in the nation’s aging, and often over-burdened, infrastructure. These investments will create needed new construction careers, promote demand for new construction equipment and materials, and ensure that the economy will be more efficient and effective for years to come. The new House infrastructure proposal will provide the kind of tangible benefits our economy needs to recover.
“The new measure also takes the broadest possible definition of infrastructure. In addition to investing in transportation systems, waterways, energy and drinking water, the measure also provides crucial funding for modernizing schools, health care facilities, new housing and environmental mitigation. These broad investments will support demand across many different construction sectors, helping offset expected declines in private sector activity.
“There is a lot to this bill, and there are details in the proposal that must be improved as the measure works its way through the legislative process. Among those is the need to identify additional, sustainable, long-term funding for future infrastructure improvements. However, we support the goal of rebuilding the nation’s infrastructure, restoring demand for construction and reinvigorating our economy. That is why we are eager to work with both parties and the Trump administration to improve this proposal, with the goal of ultimately enacting a measure that helps rebuild America.”
Related Stories
Codes and Standards | Mar 1, 2022
Engineering Business Sentiment study finds optimism despite growing economic concerns
The ACEC Research Institute found widespread optimism among engineering firm executives in its second quarterly Engineering Business Sentiment study.
Codes and Standards | Feb 24, 2022
Most owners adapting digital workflows on projects
Owners are more deeply engaged with digital workflows than other project team members, according to a new report released by Trimble and Dodge Data & Analytics.
Market Data | Feb 23, 2022
2022 Architecture Billings Index indicates growth
The Architectural Billings Index measures the general sentiment of U.S. architecture firms about the health of the construction market by measuring 1) design billings and 2) design contracts. Any score above 50 means that, among the architecture firms surveyed, more firms than not reported seeing increases in design work vs. the previous month.
Market Data | Feb 15, 2022
Materials prices soar 20% between January 2021 and January 2022
Contractors' bid prices accelerate but continue to lag cost increases.
Market Data | Feb 4, 2022
Construction employment dips in January despite record rise in wages, falling unemployment
The quest for workers intensifies among industries.
Market Data | Feb 2, 2022
Majority of metro areas added construction jobs in 2021
Soaring job openings indicate that labor shortages are only getting worse.
Market Data | Feb 2, 2022
Construction spending increased in December for the month and the year
Nonresidential and public construction lagged residential sector.
Market Data | Jan 31, 2022
Canada's hotel construction pipeline ends 2021 with 262 projects and 35,325 rooms
At the close of 2021, projects under construction stand at 62 projects/8,100 rooms.
Market Data | Jan 27, 2022
Record high counts for franchise companies in the early planning stage at the end of Q4'21
Through year-end 2021, Marriott, Hilton, and IHG branded hotels represented 585 new hotel openings with 73,415 rooms.
Market Data | Jan 27, 2022
Dallas leads as the top market by project count in the U.S. hotel construction pipeline at year-end 2021
The market with the greatest number of projects already in the ground, at the end of the fourth quarter, is New York with 90 projects/14,513 rooms.