Abstract: The current invention is directed to a holder (32) for adjustable positioning of reinforcing rods (49). The holder has a horizontal support structure and a means for holding a reinforcing rod (49). The holder is comprised of a first leg member (33), a second leg member (34), a spring (35) and a retaining member (41). The leg members are elongated for spanning one of the cells of a hollow block (20). The first and second leg members are configured and arranged to create a gap (37) therebetween for receiving the reinforcing rod. The spring is adapted to bias the leg members against the reinforcing rod to vertically suspend and selectively permit adjustment of the vertical position of the reinforcing rod during the construction of a hollow block wall (47). In the preferred embodiment, the leg members and the spring are integrally formed from a continuous wire member having a U-shaped profile.