Tag: labor costs

Construction Processes, Financial

Rising labor costs eat away at construction firms’ profits

June 23, 2022

Via: Construction Dive

The clamor over construction’s labor crisis reached a fever pitch this week, with new evidence suggesting historic wage increases for low-skilled site workers are eating into contractors’ profits. Average hourly earnings for production and nonsupervisory employees in construction rose to […]


ABC’s Construction Backlog Indicator plummets in August; Contractor Confidence down

September 14, 2021

Via: Building Design + Construction

Associated Builders and Contractors reports today that its Construction Backlog Indicator fell sharply to 7.7 months in August, according to an ABC member survey conducted Aug. 19 to Sep.1. The reading is down 0.8 months from July 2021 and down […]