NC Construction Spending and Labor Outlook. March 8, 2018 Presented by Betsy Bailey, Carolinas Associated General Contractors
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1 1 NC Construction Spending and Labor Outlook March 8, 2018 Presented by Betsy Bailey, Carolinas Associated General Contractors
2 2 Contractors are Optimistic About All Market Segments 75% of contractors expect to expand their payrolls in 2018 However Many firms are worried about workforce shortages and infrastructure funding
3 3 Construction spending & employment, Total spending, Feb. 06 (peak)-nov. 17 trillion $, seasonally adjusted annual rate $1.25 Total Total 9.0 employment, Apr. 06 (peak)-nov. 17 millions, seasonally adjusted million 7.0 million $1.00 $0.75 $0.50 Private nonresidential $1.26 trillion (2% above 2006 peak) Private Residential Total (10% below peak) Nonresidential (5% below peak) Residential (10% below peak) $0.25 Public 1.5 $ Nov Nov. 2017: total 2.4% private res. 8%, private nonres. -3%, public 2% Nov Nov. 2017: total 2.7% residential 3.2%, nonresidential 2.4%
4 4 Population change by state, July 2016-July 2017 (U.S.: 0.72%) decrease % % % 1.5%+ 0.6% 1.7% 1.4% 2.0% 2.2% 1.6% 1.9% 1.1% -1.0% 1.4% 0.1% -0.02% 0.9% 0.7% 0. 2% 0.2% 0.9% 0.4% 0.1% 0.3% 0.5% 0.1% 0.3% -0.3% 0.5% -0.7% 0.4% 0.7% 0.4% 1.1% 1.0% 0.5% 1.3% 1.1% -0.04% 0.3% 0.4 % CT 0.0% DE 1.0% MD 0.5% NH 0.6% VT 0.0% MA 0.5% RI 0.2% NJ 0.3% DC 1.4% AK -0.2% HI -0.1% 1.4% -0.04% 1.6% Source: U.S. Census Bureau
5 5 State construction employment change (U.S.: 2.7%) 11/16 to 11/17: 40 states up, 9 down, DC unchanged Over -10% -5.1% to -10% -0.1% to -5% 0% 0.1% to 5% 5.1% to 10% Over 10% 6% 10% 14% 6% 7% 6% 5% -4% -1% 7% 4% -5% -2% -1% 3% 7% 3% -8% -5% 5% 0.7% 0.3% 2% 5% 2% 0.9% 9% 5% 3% 1% 8% -2% -1% 5% 2% 3% 2% CT -2% DE 2% MD 5% NH 10% VT 1% MA 6% RI 13% NJ 5% DC -1% 4% HI 4% 3% 6% 9% Shading based on unrounded numbers Source: BLS state and regional employment report
6 6 FIRMS WILL CONTINUE TO COPE WITH WORKER SHORTAGES How would you describe your firm s current conditions for filling key salaried positions (project manager/supervisor, estimator, etc.) and hourly craft positions (carpenter, laborer, equipment operator, etc.)? My firm is: having a hard time filling salaried positions US: 57%/NC: 78% having a hard time filling craft worker positions 71/93% having no trouble filling any positions 9/0% not doing any hiring 10/4% 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% Source: AGC Construction Outlook Survey, January Total responses: 1,046. NC: 30
7 7 MOST FIRMS ARE INCREASING PAY OR BENEFITS Did your firm increase pay or benefits in 2017 to retain or recruit salaried/hourly craft professionals? Increased base pay US: 60%/NC: 63% Provided incentives/bonuses 36/26% Increased contributions and/or improve employee benefits Paid more overtime 18/4% 24/33% No, but we are considering increases in pay and/or benefits in the near future No, and we are not considering increases in pay and/or benefits We did not seek to hire any salaried/hourly craft professionals in 2017 Unsure 9/4% 7/11% 3%/4% 7/7% 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% Source: AGC Construction Outlook Survey, January Total responses: 1,046; NC: 30
8 8 In NC we are having a hard time filling some: hourly craft positions: 70% U.S. respondents/93% of NC respondents Salaried field positions: 57% U.S. respondents/78% of NC respondents CAGC Independent Survey of Eleven Highway Contractors Found: Jobs Available Now - Expectations that workforce needs will increase between percent in the next two years NC Highway Construction Jobs Hardest to Fill: Hourly: Carpenters (bridge, finish) Masons Pipe layers and foremen Fine Grade Foreman Concrete Forming General Laborers Skilled equipment Operators crane, grader, trucks, scrapers, rollers, Salaried: Superintendents Project Managers Estimators Administrators/Office Personnel Source: AGC Construction Outlook Survey, January Survey conducted Nov.-mid-Dec Total responses: 1,046.; response totals varied by question. CAGC independent survey of 12 highway construction firms.
9 9 In North Carolina the situation is even more Acute More Results from Our Surveys: How would you rate the adequacy of the local pipeline for supplying well-trained craft personnel? Poor or fair: US 74% of respondents/nc 91% Have you increased your use of OT during the past year because of difficulty hiring Overtime hours: US 47%/NC 70% Barriers to Employment in Highway Construction: Ability to Pass a Drug Test Reliable Transportation Commitment to Work Ethic Source: AGC Construction Outlook Survey, January Survey conducted Nov.-mid-Dec Total responses: 1,046.; response totals varied by question. CAGC independent survey of 12 highway construction firms.
10 10 NC s Construction Workforce Construction workforce shortage is No. 1 Challenge Facing NC Contractors: - Project delays and wage increases = higher project costs - Safety is compromised - Uncertainty over immigration policy is challenging the industry - Competition with other industries for skilled labor
11 11 How Did We Get Here: NC s Construction Workforce - Recession - Lack of robust vocational educational programs in high school - Students and their families favor a 4-year degree - Aging workforce Construction Has an Image Problem!
12 12 NC s Construction Workforce What s Being Done: - CAGC s Build Your Career Program - Partnership NC Community Colleges on several initiatives - NC Works Apprenticeship programs - NCCCS and CAGC Construction Branding Campaign - Workforce Partners creating Construction Career Pathways
13 13 NC s Construction Workforce Other Exciting Recruitment Programs in the works: - Summer camps (free for underrepresented populations) - Teacher externships - Transition Tech military programs - Construction Career 101 in middle and high schools - Parent Career Fairs - Expansion of Work Based Training - You Science Aptitude test for High School
14 14 CAGC is Partnering with NCDOT to Address Workforce - CAGC/NCDOT Joint Committee meets regularly - NCDOT/Office of Civil Rights Career Fairs Construction Academies - Construction Industry Branding Campaign
15 15 CAGC Partnering with NCDOT to Address Workforce NCDOT/CAGC/ACEC Joint Winter Conferences: 3 conferences by regions Topics focused on: - Earlier project communication and planning of operations. - Overcoming lack of experience - Timely decisions - Elevating decisions so issues are resolved quickly
16 16 Contact: Betsy Bailey, Carolinas Associated General Contractors
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