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Market Update and Construction Input Pricing Report: 2023 Review and 2024 Outlook

two construction workers looking outside of a building under construction

The construction industry showed resilience in 2023, with a notable 7 percent increase in spending to $1.98 trillion. Despite inflationary pressures and the Federal Reserve’s interest rate hikes, the industry largely maintained stability, aided by moderated inflation and improved supply chain factors. Looking to 2024, while facing ongoing global disruptions and pricing pressures, stakeholders remain…

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2023 Mid-Year Market Update and Construction Input Pricing Report

Despite widespread predictions of a pronounced recession taking hold by mid-year, a confluence of favorable economic indicators and the Federal Reserve’s assertive tightening measures seem to have positioned the U.S. economy for a soft landing. This mid-year report provides a view of how macro and micro measures perform compared to predictions. These indicators provide a…

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Q3 2022 Construction Input Pricing and Market Update Report

construction market report 2022

After a robust 2021, the United States economy experienced a deceleration in growth in the first few quarters of 2022. GDP fell in both the first and second quarters of 2022, shifting the economic conversation from inflation to the impending recession. While the Federal Reserve tightened policies to try and combat high inflation, their plan was…

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