Capstone Partners, a leading middle-market investment banking firm, released its May 2024 Construction Services Sector Update, reporting that the construction market has remained cautiously optimistic amid volatile macroeconomic conditions, buoyed by healthy project backlogs and profit margins.

The price of materials and services used in nonresidential construction increased 1.1 percent from July to August, driven by an extreme jump in diesel fuel costs, according to an analysis by the Associated General Contractors of America released Sept. 14.

The price of materials and services used in nonresidential construction decreased 0.6 percent from April to May, while an index that measures contractors’ bid prices inched up by 0.1 percent, according to an analysis by the Associated General Contractors of America of government data released June 14.

The price of materials and services used in nonresidential construction inched up 0.2 percent from June to July, while a government index that measures contractors’ bid prices fell by 1.4 percent, according to an analysis by the Associated General Contractors of America released Aug. 11.

FMI Corp. released its quarterly construction services outlook, titled “2023 M&A Outlook for Construction Services.” The outlook includes the company’s research on current trends that could affect how 2023 will look for construction services.

Association officials urge administration officials to reconsider imposing tariffs on key trading partners, noting that the threat of sweeping new taxes on imported materials is hurting many construction employers. 

LeChase Construction Services, LLC is hosting an "XBE" meet & greet on August 23 from 3:00 to 5:00 p.m. at its corporate headquarters to connect with industry-related subcontractors and suppliers.