Construction costs in some U.S. markets—notably San Francisco, New York City, Seattle and Portland, Ore.—reached up to 6% escalation through 2018 due to tariffs and a stretched labor market
Surpassing even the most optimistic expectations of industry observers, sales of construction equipment are on pace to record double-digit growth for 2018, providing welcome momentum in the face of looming uncertainties about the market’s long-term prospects.