Original equipment manufacturers cite replenished rental fleets for slowdown.

Union and open-shop employers alike continue to see wage increases in 2024.

Although CFMA CFOs see a brighter outlook for 2025.

High labor costs will persist while other costs begin to decline.

The coming year presents a complex landscape for the construction industry. Cost, risk and growth will be impacted by geopolitical turmoil, inflation and increased regulatory complexity.

Despite a surprisingly strong economy, construction industry executives report that they enter 2024 with much of the same trepidation they faced at the start of 2023.

As 2023 comes to a close, experts are fairly optimistic about the economic outlook for construction in 2024, but not without some words of caution.

Although ENR’s indexes measure the costs of non-residential buildings, the housing market has had a major impact on index movement.

Pandemic jitters give way to seasonal price trends, but new iron is still on backorder.

As compensation for labor and staff continues to rise, executives are keeping pace and garnering some of the biggest pay increases seen in the C-suite in over 15 years.