Items Tagged with 'cost report'

After years of historically high salary increases for construction staff, many employers appear to have hit the ceiling for the compensation bumps they can offer.

With an extended period of construction activity and no imminent signs of recession, prices for used construction equipment at resale and auction have found their level, with fewer of the fluctuations that marked recent years.

Not since the “United States Steel Hour” during the golden age of television has the Pittsburgh-based steelmaker had such drama like the firm’s current public relations fight with former bidder Cleveland-Cliffs over its proposed acquisition by Japan’s Nippon Steel Corporation.

The results of this quarter’s Construction Industry Confidence Index survey show a dip in confidence among construction industry executives.

Public work continues to spur growth in the construction industry in the second quarter as contractors wait for interest rates to decline in the second half of the year.

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

While some worry about clouds on the horizon, it’s not evident in the heavy equipment market.

Executive compensation has been rising steadily since the pandemic, reaching a high-water mark in 2023. However, a cooldown in several market sectors could result in comp increases receding in the coming years.

For the first time since Q1 of 2022, construction industry executives report a stable and slightly growing market on ENR’s Construction Industry Confidence Index (CICI) survey.

The construction industry has seen some modest growth in the first quarter of 2024, but issues from the past several years are slow to recede.