Construction has been brisk across most of the country the past year, but material costs are not bad and are expected to hold steady this year, if not drop a bit more, given falling fuel prices and weakness in China and elsewhere. But the construction labor market is tightening; construction wages will likely need to go up, and some areas may see labor shortages. All this info comes in an excellent roundup on the shape of the current construction economy over at Equipment Today. Rod Dickens called on economists from the Associated Builders and Contractors, the National Association of Home Builders, the Portland Cement Association, the Associated General Contractors of America, and IHS Global Insight. Take the forecasts as you will, but the remarks on the current status of the market are as informed as any report card you’ll likely find. The full rundown is here.
Subscribe to LAM Digital: February 2017
Free Digital Issue: December 2016
Follow LAM on TwitterMy Tweets
Reach Landscape Architects