inflation
ABC: Construction employment up in October
The construction industry added 1,000 jobs in October, according to the Associated Builders & Contractors (ABC). Keep Reading
MDU Resources experiencing record revenues, backlogs
MDU Resources also continues to work toward completing the separation of Knife River Corp., which is expected in 2023. Keep Reading
Mixed outlook on tap for 2023
Dodge Construction Network’s Richard Branch says while the economy will likely slow dramatically in 2023, some construction sectors will feel the impact more than others. Keep Reading
Pricing momentum continues for Vulcan in third quarter
Vulcan Materials says its total revenues were up 38 percent in the quarter, with average selling prices up sharply. Keep Reading
Pricing adjustments boost Cemex in third quarter
Cemex CEO Fernando González says 2022 pricing achievements allowed the company to more than offset inflationary costs in dollar terms. Keep Reading
PCA: Cement consumption expected to drop in 2023
Due to increasing inflation and interest rates, the Portland Cement Association (PCA) projects a 3.5 percent decline in cement demand in 2023. Keep Reading
AGC: Data shows construction spending down slightly
The Associated General Contractors of America (AGC) says total construction spending was down a tad in August amid rising interest rates. Keep Reading
Basu: Economic uncertainty to continue into 2023
While Anirban Basu does not believe the U.S. is in a recession, the Associated Builders & Contractors’ chief economist says one is coming in 2023. Keep Reading
Inflation’s impact on construction sectors
Nonresidential, residential and nonbuilding construction are all seeing different responses to stubborn inflation and rising interest rates. Keep Reading
