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When the Federal Reserve hiked interest rates 11 times last year in a bid to control rampant economic inflation, many Top 400 Contractors said they felt those policy changes in the form of project delays, rescopes or outright cancellations.
Unprecedented inflation could cut into federal infrastructure law funding for highway construction by as much as 40%, a U.S. agency estimates.
Industry gained 9,000 jobs in April, compared with 40,000 added in March.
Construction industry news, trends and jobs for building professionals who want mobile-friendly content.
A major shortage of construction workers is bad news for homebuyers and infrastructure projects.