How Recent Bank Failures Will Harm Construction and What To Do About It
Learn how contractors can respond to rising borrowing costs in light of the recent bank collapses.
Construction Economic News
Canadian Total Contemplated Spending Increases to 6-Month High
Broad measures of contemplated spending continue to signal a divergence in U.S. and Canadian contemplated levels of construction spending in latest...
Michael Guckes, Chief Economist
Mar 17, 2023
Foreign Import Prices Continue to Lower Contractors’ Material Costs
U.S. construction material and equipment prices should start to stabilize or drop due to falling costs and rising shipment levels of imported goods.
Michael Guckes, Chief Economist
Feb 23, 2023
ConstructConnect’s Project Stress Index Signals Confidence for Construction in 2023
ConstructConnect's new Project Stress Index tracks changes in the level of commercial construction projects that are delayed, placed on hold, or...
Michael Guckes, Chief Economist
Feb 22, 2023
Worker Shortages Are Hurting the Economy, Here’s What to Do
The U.S. economy is facing worker shortages in many industries, including construction. Here are some way construction firms can bring in new workers.
Michael Guckes, Chief Economist
Feb 21, 2023
High Inventory-to-Sales Levels Should Lower Construction Material Prices
The inventory-to-sales ratio data for lumber and construction materials for December 2022 activity was 1.74, the 2nd highest in history per the...
Michael Guckes, Chief Economist
Feb 21, 2023
Broad Measures of Construction Material Costs Hide Rebounding Copper Prices
The Bureau of Labor Statistics Producer Price Index for construction materials marked its first annualized contractionary reading of -2.36% at the...
Michael Guckes, Chief Economist
Feb 14, 2023
Banks Tipping Their Cards Revealing Their 2023 Outlook
Between Q1 and Q4 of 2022, the net percentage of U.S. banks reporting tightening standards for commercial real estate loans increased, from -23% to...
Michael Guckes, Chief Economist
Feb 8, 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.