No Duh: Study Says Construction Contractors in Short Supply
ISM® A rate of 62.7% means the economy is growing. The report cited a shortage of construction contractors as the top economic concern in the services sector in April. Due to high demand and shortage of supply of goods and services, pricing is experiencing inflationary pressures, which should be short lived. Construction experienced the highest price increases of all 18 services industries. The business activity index was at its highest since 1997. Economic growth in April was strong, down only 1% from March’s record high of 63.7%, according to a monthly economic report. The ...
Source: forconstructionpros.com