Construction Industry Report Predicts 2023 Material Prices
The report states that inflation, a possible economic slowdown, and China’s stance on COVID protocols will keep prices high throughout the year. In 2023, the construction industry is expected to shrink by 7%
The report states that inflation, a possible economic slowdown, and China’s stance on COVID protocols will keep prices high throughout the year. In 2023, the construction industry is expected to shrink by 7%
Linesight, a global construction consultancy firm, published its Q4 Commodity Report, which provides forecasts for material prices through the beginning of 2023. The report states that growth in the sector has slowed due to high input costs, rising interest rates, inflationary pressures, and supply chain issues. These challenges will be eased by government investments in the housing market and by upcoming and ongoing infrastructure projects. A contraction in the construction sector is expected from 2023 to 2026
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