Articles Tagged with ''cost report''

While shopping around for a used piece of construction equipment through the usual channels has taken some creative sourcing in recent years, this summer has seen prices stabilize for the most part.

Labor shortages and inflationary pressures continue to push up craftworker wages with recent settlements trending toward levels not seen in decades.

ENR’s Construction Industry Confidence Index rose this quarter to its highest rating since Q1 of 2022, up six points to a nearly stable 46 rating.

As the construction industry continues to grapple with the difficulties of the last several years, some sectors have fared better than others, and experts predict there is still some time to come before these issues have been settled.

Pay hikes for construction staff remain at a historically high rate, even as some sectors could see a future slowdown in project starts.

ENR’s Construction Industry Confidence Index fell four points this quarter, to a rating of 40. Confidence in the current construction market is virtually unchanged, but execs have become more pessimistic about the short- and medium-term future.

Prices for used construction equipment have continued to show signs of stabilizing over the last few months, a trend also seen in other heavy equipment categories.

Despite inflation, labor shortages and other troubles plaguing the construction industry, some sectors continue to thrive, but others face difficulties as demand for growth slows.

While each global region has its own set of challenges, a moderate escalation of construction costs is a certainty for many regions across the world.

For many contractors in 2022, concrete availability and pricing have been serious pressure points, and observers have varying opinions on whether this could continue into 2023.