Labor shortfall in construction industry resulted in 19,000 fewer homes built in 2024 and $10.8 billion economic hit, ...

Editor’s note: This is the fourth story in an occasional series on the causes and impact of inflation. There is a dominant driver when it comes to setting car and home insurance rates: the cost of the ...

While materials and labor price hikes continue to create havoc, they don’t seem to be shackling demand or activity for nonresidential construction, according to Skanska’s Summer 2023 Construction ...

Financing solutions provider Billd recently surveyed nearly 900 commercial construction professionals across the U.S. for its 2023 National Subcontractor Market Report. Its key finding: rising input ...

Rising materials prices are keeping procurement unpredictable for contractors, said Macrina Wilkins, senior research analyst ...

Until 2004, highway material costs were steady, with a 12-year average increase of only 1.8 percent, according to the Bureau of Labor Statistics. Concrete is up 32.8 percent a unit, from $550 in 2003 ...

When the cost of materials and labor skyrocketed during the pandemic, some people may have speculated that the cost of paying out insurance claims would climb substantially as well, resulting in ...

Construction delays are being experienced by 93 percent of multifamily developers. The availability of labor and the rising cost of materials are two very important reasons for the delays. These are ...

Having spent 30+ years in residential construction, contracting, remodeling, maintenance and home repair, Deane now contributes DIY, informational and financial content as a freelance writer and ...

With labor being the greatest risk in construction, a full understanding of labor components will provide the estimator with the ability to determine a project’s labor costs as accurately as possible.

Timothy has written about personal finance, including detailed home renovation and repair cost guides, since 2017. His work covers everything from plumbing and roofing to solar and pest control. Find ...