Articles Tagged with ''construction industry''

The Marcum Commercial Construction Index for the first quarter of 2023 reports that the construction industry retains momentum despite still-elevated inflation and ongoing labor shortages.

Construction contractors are less optimistic about many private-sector segments than they were a year ago, but their expectations for the public sector market have remained relatively bullish, according to survey results released Jan. 4 by the Associated General Contractors of America and Sage. The findings are detailed in High Hopes for Public Sector Funding Amid Workforce and Supply Chain Challenges: The 2023 Construction Hiring & Business Outlook.

Dodge Construction Network’s year-end report analyzes key trends across the industry throughout 2022 and provides industry insights into 2023.

The Marcum Commercial Construction Index for the third quarter of 2022 reports that the construction industry remains constrained by labor shortages and elevated materials prices, but now also faces a rapidly deteriorating economic outlook and severely elevated borrowing costs. While some construction segments retain momentum, there are signs that broader economic weakness have begun to drag on the industry.

The U.S Department of Labor’s Wage and Hour Division announced it will be asking the building construction industries to participate in Davis-Bacon Act wage surveys in FY 2023 to help the agency establish prevailing wage rates, as required under the Davis-Bacon and Related Acts.

Hill International, Inc., delivering the infrastructure of change, on Sept. 20 announced a partnership with the National Urban League. The partnership will focus on increasing diversity in the country’s construction workforce.

Kojo – the construction industry’s leading materials management platform – has been named the winner of the best “SaaS Product for the Construction Industry” by the SaaS Awards.

The National Center for Construction Education and Research, through its Build Your Future initiative, is excited to announce the national expansion of its career exploration tool, CareerStarter. This new program provides direct connections between entry-level job seekers, local training programs and employers.

The construction industry is on the brink of significant change and disruption. As the world continues to adjust and recover from COVID-19’s impact, it now also faces a multitude of pandemic-related macroeconomic factors. Add to that the war in Ukraine, high inflation, interest rate rises, supply chain challenges, increase wage costs and reduced skilled labor availability…and the picture becomes a bit darker.