Construction Industry Navigates Rising Interest Rates and Economic Challenges
Marcum Releases the 2023 National Construction Survey. By Joseph Natarelli, CPA, Construction Services Leader, and Roger Gingerich, CPA, Midwest Construction Leader, Marcum LLP The construction industry is grappling with the implications of rising interest rates,...Fourth Quarter Construction Update: The Good, The Bad, and The Ugly
By Anirban Basu, Chief Construction Economist, Marcum LLP The construction industry faced many of the same headwinds that buffeted it throughout 2022 in the fourth quarter, including labor shortages, high interest rates, and elevated materials costs, but still...2022 Shows Positive Gains in Hiring and Cash Flows, Contractors are Ramping up for 2023
By Anne Hunt, Trimble Viewpoint With the passage of the U.S. Bipartisan Infrastructure Law back in November 2021, many contractors hoped it would usher in a resurgence of new projects as the country embraced a renewed focus on updating and modernizing critical...Material Pricing Inflation & Uncertainty: How Contractors & Subs Can Better Manage the Bottom Line
By Ro Bhatia, CEO, PlanHub Contractors and subcontractors face an increasingly difficult challenge: skyrocketing inflation is bleeding their bottom lines. General inflation is raising the cost of everything, from food to fuel to office supplies, maintenance, and rent....Modern Building Codes Could Prevent $1.6 Billion in Natural Disaster Damages Annually
By Ben Breiner, ValuePenguin Each year, buildings across the United States suffer more than $100 billion in damage from earthquakes, hurricanes, flooding, and wind, according to the National Institute of Building Sciences. The pace of major events causing $1 billion...