Articles Tagged with ''cost report''

Labor rates remain relatively steady despite pandemic upheavals, but analysts noted some short-term adjustments to compensation by construction employers in 2020 with ongoing labor shortages continuing to pressure wages.

Worries over price inflation and persistent labor shortages have cooled optimism among construction execs, but overall confidence in the market remains strong.

Following a period of strong recovery, construction activity has begun to cool, largely due to emerging COVID-19 variants, high materials prices, a worker shortage and other challenges. 

Experts predict more stability in 2021, with most increases relatively conservative

High material prices are expected to drop as supply catches up with demand in 2021

Challenges remain, but the effects of the pandemic may be less severe than feared, they say