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...
Construction Economic News
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
Tariffs
U.S. to Place 200% Tariff on Russian Aluminum
U.S. lawmakers are preparing to impose a 200% tariff on Russian aluminum, but should have little impact on the commercial construction industry.
Michael Guckes, Chief Economist
Feb 8, 2023
Wall Street Estimates See a Reduction and Then Plateau of Nonresidential Industry Earnings
The 14 largest publicly traded firms in the nonresidential construction space had record revenues in Q3 2022.
Michael Guckes, Chief Economist
Feb 3, 2023
December’s Volume of Existing Home Sales Continues to Decline
The potential for a prolonged decline in existing home prices as we begin 2023 is likely to challenge the pricing power of home builders of all types.
Michael Guckes, Chief Economist
Jan 24, 2023
Will Canadian Homebuilders See a Housing Preference Shift in 2024?
As the affordability of Canadian homes improves in 2023, almost entirely through declining home prices, there is an expected market rebound coming in...
Michael Guckes, Chief Economist
Jan 20, 2023
Construction Wage Growth Retakes Title for Fastest Rising Cost
Hourly construction wage data recorded a 5.8% annual gain in December 2022, according to the Bureau of Labor Statistics.
Michael Guckes, Chief Economist
Jan 20, 2023
Winning More Work Starts Here: Expert Tips, Market Trends, and Data-Driven Construction Insights
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