Warehouse Construction Demand Continues to Shine Brightly Despite the Economy’s Wider Challenges
Among the drivers of warehouse construction, U.S. e-commerce sales increased by 71% in the three years ending March 31, 2023.
Construction Economic News
2023 Lumber Prices Fall to Fresh Post-COVID-19 Lows
After surging to notable peaks of $1,400 per contract in May 2021, Random Length Lumber has plummeted to $344 per contract as of May 15, 2023.
Michael Guckes, Chief Economist
Jun 14, 2023
Debt-Ceiling Crisis Placing Unnecessary Costs on Small Businesses
Banks frequently offer businesses revolving credit lines based on short-term variable rates. The debt crisis could add 1.25% or more to lending...
Michael Guckes, Chief Economist
May 31, 2023
Talk of a Mild Recession Fails to Capture Wall Street’s Real Estate Outlook
Wall Street’s expectations for real estate earnings point to a protracted lull, contrasting the much-popularized view of a mild 2023 recession.
Michael Guckes, Chief Economist
May 25, 2023
The Project Stress Index and Geography
The Project Stress Index can help construction professionals understand geographic market changes.
Michael Guckes, Chief Economist
May 18, 2023
Rising Mortgage Rates and Payments Could See Home Prices Fall 20%
30-year mortgage rates are the highest they have been in 14 years, while the average sale price of a new home is up 12% YOY.
Michael Guckes, Chief Economist
May 10, 2023
The Project Stress Index and Public vs. Private Projects
Public and private projects exhibit different stress behaviors that contractors may be able to use this to their advantage per the Projects Stress...
Michael Guckes, Chief Economist
May 5, 2023
A Look at the Underlying Insights of the Project Stress Index
The Project Stress Index offers construction firms a powerful understanding of the demand environment for new projects.
Michael Guckes, Chief Economist
May 4, 2023
Winning More Work Starts Here: Expert Tips, Market Trends, and Data-Driven Construction Insights
ConstructConnect empowers construction professionals with data-driven insights, market trends, and expert analysis to help you build smarter and win more work. Our blog covers preconstruction strategies, economic forecasts, tech innovations, and industry best practices. Whether you're a contractor, subcontractor, architect, or supplier, stay informed and competitive with timely, expert content. Explore our latest articles and get the insights you need to stay ahead.