Construction Industry Navigates Rising Interest Rates and Economic Challenges
Marcum Releases the 2023 National Construction Survey. The construction industry is grappling with the implications of rising interest rates, inflation, and changing economic dynamics, according to Marcum’s 2023 National Construction Survey. The annual survey is...
Fourth Quarter Construction Update: The Good, The Bad, and The Ugly
The construction industry faced many of the same headwinds that buffeted it throughout 2022 in the fourth quarter, including labor shortages, high interest rates, and elevated materials costs, but still exhibited a surprising amount of momentum. Nonresidential...
2022 Shows Positive Gains in Hiring and Cash Flows, Contractors are Ramping up for 2023
With the passage of the U.S. Bipartisan Infrastructure Law back in November 2021, many contractors hoped it would usher in a resurgence of new projects as the country embraced a renewed focus on updating and modernizing critical infrastructure across the country. The...
Material Pricing Inflation & Uncertainty: How Contractors & Subs Can Better Manage the Bottom Line
Contractors and subcontractors face an increasingly difficult challenge: skyrocketing inflation is bleeding their bottom lines. General inflation is raising the cost of everything, from food to fuel to office supplies, maintenance, and rent. Inflation and economic...
Modern Building Codes Could Prevent $1.6 Billion in Natural Disaster Damages Annually
Each year, buildings across the United States suffer more than $100 billion in damage from earthquakes, hurricanes, flooding, and wind, according to the National Institute of Building Sciences. The pace of major events causing $1 billion or more in damage has...[curt_ad orientation=”vertical” location=”side”]