Articles Tagged with ''Inflation''

There could be plenty of climbs, dips and swerves.

Average revenue for regional firms increases, but firms face a worker shortage as the supply chain crisis eases.

Federal Reserve needs to start cutting interest rates, but that won't happen "until some point next year,” economist Anirban Basu told an industry webinar on July 26,

Second Massachusetts project, SouthCoast Wind, files to terminate project power agreement, and could face up to a $60-million fine, while developers in New York and New Jersey seek contract cost adjustments

In the coming year to 18 months, engineering and architectural firms in the Texas & Louisiana region will continue to face multiple challenges related to attracting staff and high material costs.

With a hawkish Federal Reserve pushing higher interest rates to fight inflation, the design market could be a canary in a coal mine for what some economists say will be a “mild” recession later this year.

Inflation, rising interest rates and a skilled labor shortage continue as negative economic factors heading into the second quarter, said Anirban Basu, chief economist at the Associated Builders and Contractors.

The $925-million project, which will widen I-10 through Baton Rouge from three to four lanes each way, has risen in cost more than $200 million in two years, officials say.

Lingering supply chain issues, inflation, rising materials costs and labor shortages weren’t enough to keep contractors in the Midwest down in 2022.

Why are the Windy City's concrete prices rising faster than those in other urban locations?