Britain’s construction sector has seen activity contract for the eighth month running as the industry suffers its longest downturn since the beginning of the pandemic, according to a report. The ...
The estimate comes amid high demand for construction workers and a federal crackdown on undocumented immigrants, potentially creating a shortage of workers and pushing construction costs even higher.
ENR’s Construction Industry Confidence Index rose four points between Q3 and Q4, to a slightly optimistic 52 rating. The economic index also rose four points, to a 48 rating.
As uncertainty continues to plague the economy as a whole, industry experts note the effects on construction trends as materials prices, labor woes and other concerns cause turmoil. “The U.S. economy ...