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...
Construction Economic News
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
PPI Suppressing Inflation, But So-So Helpful for Construction Material Costs
The average Producer Price Index for construction material costs has slid to -4.7% y/r. and the the PPI bid price index, remains positive +10.9% y/y.
Alex Carrick
Jun 22, 2023
Nonresidential Construction Starts Trend Graphs - May 2023
Below are six graphs recording 12-month moving averages of ConstructConnect’s nonresidential construction starts.
Alex Carrick
Jun 20, 2023
Top 10 Project Starts in the U.S. - May 2023
The accompanying table records the top 10 project starts in the United States for May 2023.
Alex Carrick
Jun 20, 2023
May’s Nonresidential Construction Starts +4% M/M, -30% Y/Y, and +2% YTD
ConstructConnect's May 2023 volume of nonresidential construction starts was $49.2 billion, up +4.3% versus April 2023’s figure of $47.1 billion
Alex Carrick
Jun 20, 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
Shifts in Canada’s May Jobs Makeup Won’t Please Bank of Canada
In May 2023, Canadian construction employment stayed flat; manufacturing employment, though, climbed by +13,000 jobs.
Alex Carrick
Jun 9, 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.