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.
Construction Economic News
Headline Inflation Fails to Capture Large Price Shifts in Construction
Falling from 30% to 3% in the 10 months ending November 2022, ConstructConnect’s construction prices index has tracked a rapid deceleration in...
Michael Guckes, Chief Economist
Jan 17, 2023
Wall Street Forecasts Slow Rebound for Nonresidential Construction in 2023 and Beyond
Revenues of the 14 largest U.S. publicly-traded nonresidential construction firms grew 50%from the end of 2020 and the third quarter of 2022.
Michael Guckes, Chief Economist
Jan 11, 2023
Planned Spending Trends Close 2022 in Predictable Manner
ConstructConnect’s Expansion Index for December 2022 was 5% and 21% higher overall in Canada and the United States, respectively.
Michael Guckes, Chief Economist
Jan 10, 2023
Lumber Futures Offer New Insights to Residential Construction’s Recent Slowdown
January 2023 lumber futures, as of January 4, 2023, were quoted at $475, a decline of more than 26% from a late October high of $643.50.
Michael Guckes, Chief Economist
Jan 6, 2023
Present Construction Labor Supply Is Mismatched for Future Construction Growth
Total U.S. construction labor supply has grown by 5% since the end of 2019. Despite this growth, the supply of willing laborers is well below the...
Michael Guckes, Chief Economist
Dec 18, 2022
Falling Inflation Readings Will (Eventually) Reduce Loan Rates
November’s inflation data came in below expectations. The basket of goods and services, rose 7.1% in the year period ending November.
Michael Guckes, Chief Economist
Dec 14, 2022
Thinking Globally and Acting Locally in the World’s Energy Infrastructure Market
The construction industry could see increased spending and activity due to increased demand for energy infrastructure construction projects.
Michael Guckes, Chief Economist
Dec 13, 2022
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.