Articles Tagged with ''commercial buildings''

The latest Consensus Construction Forecast indicates clear opportunities for growth in a number of segments. But compared to the second half of 2023, the early look in 2024 is more modest.

The Marcum Commercial Construction Index for the first quarter of 2023 reports that the construction industry retains momentum despite still-elevated inflation and ongoing labor shortages.

The Cumberland Valley Chapter of Associated Builders and Contractors, Inc. is pleased to be congratulating Warner Construction on winning two different first-place Associated Builders & Contractors awards. They won awards in the Commercial Less than 5m category for their Frederick Transit project and their work on the Boonsboro High School Auditorium.

The Marcum Commercial Construction Index for the third quarter of 2022 reports that the construction industry remains constrained by labor shortages and elevated materials prices, but now also faces a rapidly deteriorating economic outlook and severely elevated borrowing costs. While some construction segments retain momentum, there are signs that broader economic weakness have begun to drag on the industry.

The price of materials and services used in nonresidential construction jumped 12.6 percent in September from a year earlier despite a dip of 0.2 percent last month, according to an analysis by the Associated General Contractors of America of government data released Oct. 12. Association officials note that the construction industry was suffering the most from inflation, adding that new Buy America rules set to go into effect as soon as next month will only make the situation more dire.

Don’t expect Joe Brooks to get excited when talking about “just another high-rise.”