Construction costs in the construction of a new home are rising dramatically, but the federal government is failing to put a dent in the massive backlog of unfinished projects, according to a report by a coalition of government watchdog groups.
The coalition, called the Construction Safety Audit Project, compiled a list of the estimated costs for every project the U.S. government has completed, including unfinished projects and construction of new structures.
Construction projects that are already completed account for nearly half of the projects listed in the report.
That’s according to the group’s report, “Building Safely: Building for America’s Future,” released Wednesday.
“We know that building is an important, vital, and vital activity,” said Robert E. Miller, president of the Construction and Engineering Coalition.
“It’s just a matter of time before the U:S.
goes to the wall.”
Miller said that even though the backlog of completed projects is staggering, it’s important to remember that it’s just one part of a multi-billion dollar construction industry.
“The entire construction industry is a big business,” he said.
“They have a tremendous amount of debt.
That process is not perfect, but it is a very efficient process.” “
All of that debt is the consequence of the federal contracting process.
That process is not perfect, but it is a very efficient process.”
In addition to the $1.5 trillion spent on federal contracts during the last fiscal year, construction firms are also responsible for building or remodeling approximately 4,300 buildings each year, according the coalition.
The report notes that in the past few years, the cost of building new structures has risen sharply.
The average cost of a home built in the U., for instance, rose by $200,000 between 2015 and 2020, from $4,726,000 to $6,715,000, according data from real estate analytics firm Zillow.
That rise in cost was partly driven by a surge in home prices, but also by a massive expansion of construction projects.
In addition, the construction industry has also grown rapidly.
In 2020, there were 1.9 million construction projects in the United States, up from 1.2 million in 2014.
“With a construction industry that has grown dramatically, there’s a big backlog of work,” said Miller.
“This is just a small part of the overall construction industry.”
The coalition is asking the government to increase the funding for the Federal Building Safety Program, which is responsible for enforcing building safety laws, including those that govern the construction process.
The Federal Building Administration, which administers the program, has been working to address the backlog, and the coalition hopes to see the program funded by the appropriations bill that Congress is expected to consider next week.
The government has already spent $3.4 billion on the program since it was created in 2005.
The construction industry, however, says the federal agencies are still not adequately funding the program.
“Building Safety is not a fund that is easily managed, and there is a lot of duplication between the building safety and safety programs,” said Steven Karp, a senior vice president at the Construction Industry Association.
“There are just a lot more people involved, and it’s a very complex process.”
For example, while the federal Building Safety Fund was established in 2005, it has been more than a decade since the federal agency has allocated funding for any type of construction safety enforcement, according a spokesperson for the Department of Homeland Security.
The federal government also doesn’t track how much it spends on enforcing construction safety laws in other countries.
“In some countries, where it’s much more stringent, there are much higher construction costs,” said Karp.
“Even if the cost per unit of construction is higher than in the US, it is still cheaper.”
Karp said that in addition to being a major contributor to the backlogs, the federal safety agency has failed to implement safety measures that could keep construction companies from going broke.
“A lot of the enforcement has been focused on the safety of contractors, not the building,” said Johnson, the spokesperson for Building Safety.
“That’s not going to make any difference if we’re not going down this path.”
Construction companies and their unions have been fighting against some of the proposed changes to the federal building safety program, including requiring contractors to wear safety helmets.
The unions also argue that the program is inadequate to help construction companies avoid the risks of fires.
But construction industry representatives argue that safety inspections and safety measures can help ensure that the projects built by the government are safe and are affordable to the construction workers.
“As far as our own safety, we’re going to take the safety that we have,” said J.T. Gaddis, a vice president of construction management for the Construction, Forestry, Mining and Energy Association.
Gadis said that safety checks by contractors will be mandatory for any new construction project.
The groups plan to meet with federal officials