Prices of construction materials jumped more than 20 percent from January 2021 to January 2022, according to an analysis of government data by the Associated General Contractors of America.
Building Talent Foundation (BTF) announced the main findings of a residential construction workforce engagement study designed to probe into tradespeople opinions about their career plans.
Builder sentiment continued to slip in February as the industry grapples with ongoing building material production bottlenecks that are raising construction costs and delaying projects.
While many economists expect inflation to moderate over the course of 2022, as of now, there is effectively no relief in sight for the nation’s contractors, according to Associated Builders and Contractors.