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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 look forward to how the rest of 2023 is shaping up. All signs point toward resiliency, with the markets performing more positively than predicted.

HITT Contracting’s experts carefully monitor the impacts of these volatile conditions on our economy and our access to supplies, materials pricing, and schedules. Equipping you with these insights is our dedicated research and development (R&D) team, which has gathered relevant data and information to provide you with a deep dive into the current state of the economy and supply chain.

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