While nonresidential construction spending is below February 2020 levels, many contractors report operating at capacity. This has much to do with worker and equipment shortages.
The Home Depot launched a new jobseeker marketplace created to connect skilled tradespeople to hiring trades professionals in the construction and home improvement industries.
In another sign that the slowdown in the housing market continues, builder sentiment fell for the ninth straight month in September as the combination of elevated interest rates, persistent building material supply chain disruptions and high home prices continue to take a toll on affordability.
Taylor Adhesives announced it has joined Floorcloud, a technology platform that enables contractors to monitor, communicate and store jobsite conditions and other essential data in real-time to improve installation outcomes for all project stakeholders.
As a direct replacement for NXT Vapor Reduction Coating, Spartacote Moisture Vapor Barrier and Supercap Moisture Vapor Control, Vapor Ban E offers the benefits and features of each of these existing epoxy moisture mitigation products in an easy-to-use, all-in-one formula which also simplifies ordering and reduces inventory carrying costs.
During the first six months of the year, the value of commercial and multifamily construction starts in the top 20 metropolitan areas of the U.S. increased 24% from 2021, according to Dodge Construction Network.
The U.S. Department of Housing and Urban Development (HUD) and the U.S. Census Bureau jointly announced the following new residential sales statistics for June 2022.
As project inquiries declined significantly in Q2 2022 among build-only and design-build professionals, both have lowered their expectations for new committed projects in Q3 2022.
Rising interest rates and ongoing building material supply chain disruptions that raise construction costs continue to act as significant headwinds on the housing market.