Articles Tagged with ''cost report''

For many contractors in 2022, concrete availability and pricing have been serious pressure points, and observers have varying opinions on whether this could continue into 2023.

It has been a rough few years for construction equipment sourcing, as pandemic-related supply chain constraints and inflation drove up prices during busy construction seasons, but there are some signs that prices for used equipment are beginning to even out.

The recession that many economists are predicting has not yet come to pass, but construction industry executives foresee a shrinking market in 2023.

Construction activity has remained fairly strong in the fourth quarter of the year, despite continued challenges with inflation, labor and the supply chain.

After years of steady increases, wages for many craftworkers have jumped recently, pushed up by the pressures of a hot economy, high inflation and labor shortages.

Recession fears, inflation and other issues plaguing the economy in the first half of 2022 have persisted through the third quarter. While most construction sectors have been successful throughout this year, questions regarding what’s to come in 2023 loom large as we head toward the end of the year.

For much of the third quarter, watching the U.S. economy has felt like some strange version of Heisenberg’s uncertainty principle—the more you look at where the economic indicators are, the less sure you are about the direction the economy is heading.

While it may be too soon to say for sure, there are some early indicators that the steep prices for machines in resale channels may be leveling off.

Despite growing fear of a recession on the horizon, contractors continue to offer highly competitive compensation packages, approaching levels not seen in the industry in nearly two decades.

Over the past few years, the second quarter has been a time of reckoning for ENR’s Construction Industry Confidence Index.