The construction equipment sector is still working through supply chain issues that bedeviled it in 2021, while an active construction market ikeeps machines in use longer and constrains the flow of used iron into the normal secondary channels.
ENR’s Construction Industry Confidence Index remained steady in Q1, rising slightly to a rating of 61, a one-point bump from the final quarter of 2021. The index had fallen the previous two quarters.
As the height of the pandemic continues to recede, contractors still face several ongoing issues, including sky-high materials prices and staff shortages.
Partial floor collapse at a parking garage being demolished is said to have caused Peter Monsini, 51, to fall with his excavator nine stories at a downtown development site.
Developers weigh options to expedite export infrastructure as Biden administration pushes market to help Europe cut Russia ties, but U.S. and global clean energy pressure clouds long term growth outlook. Issues also are set to scale up mining projects in the U.S.
Operator of most of the state grid announced March 17 a 10-year transmission upgrade plan, specifying 23 projects to accommodate a big boost in planned carbon-free power.
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