Tag: inflation

March 6, 2024

There was a time when construction seemed insulated from the economic malaise hitting other industries, especially during the COVID-19 pandemic. When officials deemed building as an “essential” sector and exempted it from lockdowns early in the crisis, crews could keep […]

March 14, 2023

Phoenix and Orlando, Florida, are expected to experience price inflation above 5% within the next six months to a year. Most other cities will see price inflation above normal — in the 3% to 5% range — and the report […]

January 20, 2023

December’s reading represents the smallest yearly increase since January 2021, according to ABC. “Recent consumer and Producer Price releases indicate that inflation is fading, though it remains well above the Federal Reserve’s 2% target,” said Basu in the report. “Should […]

January 18, 2023

Inflation appears to be impacting construction materials prices more than other sectors of the economy even as it eases. Construction input prices fell in December at a greater rate than the Producer Price Index, but still outpaced the wholesale level […]

January 3, 2023

Inflation could severely weaken the impact of funding from the Infrastructure Investment and Jobs Act, experts say. High prices for construction materials and other project inputs are already sapping jurisdictions’ additional buying power from the federal legislation, according to analysis […]

September 27, 2022

Concerns about a return of 1970s-style stagflation have risen as economic growth slows and price pressures remain high despite the most aggressive withdrawal of stimulus by the Federal Reserve since the 1980s. The murkier outlook has compelled many CFOs to […]

September 6, 2022

As head of Ernst & Young’s global construction and engineering practice, Erin Roberts has kept a close eye on the market’s swings during the pandemic. From the tax implications for contractors of federal infrastructure spending to materials hoarding during the […]

August 25, 2022

Steep inflation over the past few months has exacerbated what was already a volatile market for construction materials, further complicating specialty contractors’ efforts to successfully navigate a post-pandemic environment where many markets remain active, albeit with resources in short supply. […]

May 5, 2022

Table 1 is a one-place depiction of the key percentage-change metrics for the 2022 Q1 put-in-place construction dollar volume statistics from the Census Bureau. Total year-to-date spending is ahead by +12.0, owing more to residential, at +18.6%, than nonresidential, +5.8%. […]

October 18, 2021

This isn’t a hard point to make. A great deal of emphasis in the coming years will be placed on decarbonization. A full-court shift to electrification is viewed by many as a primary means to achieve desired and commendable levels […]