Items Tagged with 'Quarterly Cost Report'

The key trends of 2024 will persist into 2025: Material price stabilization, labor shortages, growth in digital infrastructure and renewable energy construction, with 2-6% average cost escalations.

With some new pressures bearing down on the equipment market, there has been a slow decline in prices at resale and auction over the past year, but there may also be concerns about a softening market going into 2025 as well.

Construction executives report a boost in industry confidence on ENR’s latest Construction Industry Confidence Index survey. The index rose to a 55 rating this quarter, up from 47 in Q3.

While the Federal Reserve finally began to cut interest rates in the second half of the year, overall construction growth was modest in 2024, according to Dodge Construction Network.

Original equipment manufacturers cite replenished rental fleets for slowdown.

Union and open-shop employers alike continue to see wage increases in 2024.

Although CFMA CFOs see a brighter outlook for 2025.

High labor costs will persist while other costs begin to decline.

The coming year presents a complex landscape for the construction industry. Cost, risk and growth will be impacted by geopolitical turmoil, inflation and increased regulatory complexity.

Despite a surprisingly strong economy, construction industry executives report that they enter 2024 with much of the same trepidation they faced at the start of 2023.