Canada’s Natural Resources & Foreign Trade Opportunities for 2023 Could Boost Construction Outlook
Canada's construction industry could get a boost with additional investment and projects from it's natural resources and trade opportunities in 2023.
Construction Economic News
Construction Pay Remains More Lucrative Than Manufacturing, but Neither Beats Inflation
Wages in construction and manufacturing continue to rise. The average hourly compensation for all employees in construction ended October at $35.27
Michael Guckes, Chief Economist
Nov 22, 2022
Planned Construction Spending Remained Upbeat Through October
ConstructConnect's Expansion Index shows a 22% increase in the total dollar value of U.S. planned construction projects in October 2022 from a year...
Michael Guckes, Chief Economist
Nov 18, 2022
Navigating Inflation and Rising Costs
In mid-2022, overall inflation by some measures was approaching 9%, a 40-year high following more than a decade of historically low inflation rates.
Michael Guckes, Chief Economist
Oct 11, 2022
Balancing Supplies Relative to Sales
Manufacturers should consider the tenuous position of wholesalers and be very strategic in adjusting their inventory levels to more historic norms.
Michael Guckes, Chief Economist
Oct 11, 2022
Fourth Quarter Starts with Accelerating Planned Construction Spending
For October 2022, the national level readings for Canada and the United States for ConstructConnect's Expansion Index were 1.07 and 1.21,...
Michael Guckes, Chief Economist
Oct 7, 2022
Mitigating the Risk of Project Cancellations and Delays
Return on investment is an essential component in the decision-making process of owners and developers of new construction projects
Michael Guckes, Chief Economist
Oct 4, 2022
Divergence in Single & Multi-Family Markets Further Widens
The August multi-family permit count at 621,000 is the highest, seasonally adjusted reading since 1997.
Michael Guckes, Chief Economist
Oct 4, 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.