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Eduardo Munoz Alvarez via Getty Images Construction's recovery from the COVID-19 pandemic will vary greatly by city, but will most likely begin this year, a new report from construction management firm Cumming says. The company's Q1 construction market analysis predicts that the industry's resurgence will return in earnest starting in the third quarter of this year, and the firm said it is already seeing a significant pick up in activity and discussions related to new and upcoming projects. The cost of construction is up in the majority of mark...

Share it Late last year, Mike Taylor was paying around $750 per short ton for the rebar he uses in his concrete pours. Now, that price has spiked closer to $900, a 20% increase in a little over a month. "That could mean an extra $200,000 on a concrete job,” said Taylor, CEO of Pompano Beach, Florida-based Current Builders, a general contractor that focuses on commercial and multifamily structures. “We’re seeing a lot of upwards pressure.” Mike Taylor   At Grand Rapids, Michigan-based Rockford Construction, one of the 400 largest contractors in the country, director of preconstruction...