Union and open-shop employers alike continue to see wage increases in 2024.

High labor costs will persist while other costs begin to decline.

Labor shortages and inflationary pressures continue to push up craftworker wages with recent settlements trending toward levels not seen in decades.

As the construction industry continues to grapple with the difficulties of the last several years, some sectors have fared better than others, and experts predict there is still some time to come before these issues have been settled.

Survey respondents reported shortages of materials including electrical steel, components and cement.

As 2021 closes, the construction industry continues to cope with cost challenges related to labor, materials shortages and inflation.

In construction, we can’t solve a global pandemic, but we can protect our contracting companies by keeping overhead flexible in case business declines.

Big demand fuels trend for key specialists, surveys say, but more prospects want work-life balance.

Craft-worker wages fell 8.5%, on average and building costs on 335 schools did not drop, say researchers.

But observers watch signals in hot markets and actions in city halls and state legislatures.