Inflation, Recession, and Construction in Game of Musical Chairs
Construction started 2023 strong, but could inflation and the threat of a recession derail the positive start to the year? See what Chief Economist...
Construction Economic News
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
U.S. and Canadian 2022 Construction Overviews
The U.S. managed substantial YOY increases in nonresidential and engineering construction starts dollar volumes in 2022, +36.7% and +26.9%...
Abby Samp & Peter Colson, Oxford Economics
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
Canada’s Big Jobs Advance in January Defies Expectations
Canada’s construction sector added +16,000 jobs in January 2023. In the past four months, the number of construction jobs has soared by +66,000.
Alex Carrick
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
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.