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Although ENR’s indexes measure the costs of non-residential buildings, the housing market has had a major impact on index movement.

Pandemic jitters give way to seasonal price trends, but new iron is still on backorder.

As compensation for labor and staff continues to rise, executives are keeping pace and garnering some of the biggest pay increases seen in the C-suite in over 15 years.

With the economy so far navigating through recession risks, ENR’s Construction Industry Confidence Index shot up 11 points this quarter to a cautiously pessimistic 44 rating, with 68% of survey respondents seeing the current market as either stable or improving, up from 62.7% last quarter.

Recession fears continue to loom as the first quarter comes to a close. Inflation remains an ongoing issue, while recent failures in the banking sector pose additional threats.

Manufacturing and infrastructure construction remain strong spots for the industry.

Representatives of major construction and transportation groups say that highway and transit funds from the Infrastructure Investment and Jobs Act continue to move out, financing active projects around the country at a solid pace. 

Ten contractors face penalties for bid collusion on 19 contracts with a combined value of $185 million.

Industry executive, named to head the Federal Aviation Administration, withdrew as a candidate after Senate Republicans said he lacked experience for the job.

At the European Union summit, negotiations got underway on details to launch continent toward self-sufficient clean energy manufacturing and materials sourcing to meet proposed net-zero emissions goals.