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Overall construction input prices in the US are now 8.9% higher than a year ago, while non-residential input prices are 8.8% higher
US contractors reported a sharp drop in their order backlog in July, according to a new survey of Associated Builders and Contractors (ABC) members
Continued strong spending on data centre projects is masking weakness in other areas of the US construction sector
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US contractors enjoyed bigger backlogs and higher levels of confidence in March than they did in February, even as prices increase in the wake of the Iran war
Hiring in the US construction industry fell to the slowest rate on record, according to analysis by Associated Builders and Contractors (ABC)
The ongoing data centre boom is helping some US contractors to maintain a strong order book but general confidence in the industry is starting to slip
US construction confidence dipping amid tariff tumult
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Construction input prices surged in early 2024 and there may be more to come.
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The number of construction job openings in the USA hit 459,000 on the final day of November 2023 – the highest level since the end of 2022.