ConstructConnect's Project Stress Index - July 3, 2023
ConstructConnect's Project Stress Index is a new resource which tracks changes in the level of projects that are delayed, placed on hold, or...
Construction Economic News
Natural Gas Prices Have Fallen 36% in 2023
Falling energy prices across the globe will help revive manufacturing of energy-intensive products, but the U.S. will retain its competitive cost...
Michael Guckes, Chief Economist
Jun 29, 2023
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.
Michael Guckes, Chief Economist
Jun 27, 2023
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
Winning More Work Starts Here: Expert Tips, Market Trends, and Data-Driven Construction Insights
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