Construction Trends

2023 August

Construction Spending Shows Mixed Results in May

Total construction spending in May increased by 0.9% from April and 2.4% year-over-year as gains in manufacturing construction and single-family homebuilding offset a downturn in major infrastructure segments, according to a July 3 analysis...

2023 August

Equipment Finance Industry Confidence Ticks Up in June

The June 2023 Monthly Confidence Index for the Equipment Finance Industry, produced by Equipment Leasing & Finance Foundation, reports a qualitative assessment of both the prevailing business conditions and expectations for the future as...

2023 July

Backlogs Remain Robust While Labor Shortages Challenge Sector

Capstone Partners, a middle market investment banking firm, released its May 2023 Construction Services Sector Update, reporting that elevated construction spending, increased project backlogs and continued employment growth have driven acquisition activity. While macroeconomic...

2023 July

Construction Firms Add 25,000 Jobs in May

The construction sector added 25,000 jobs in May while the sector’s unemployment rate fell to its second lowest rate for the month and pay levels in the industry continued to rise, according to an...

2023 July

L&W Supply Acquires Killingly Building Products

L&W Supply Corporation has completed the acquisition of Killingly Building Products with locations in Dayville, Conn., and Providence, R.I. This acquisition is L&W Supply’s first in Rhode Island.      The team with Killingly...

2023 July

NAHB Debuts New Index for Multifamily Activity

The National Association of Home Builders redesigned its Multifamily Market Survey in the first quarter of 2023 to make it easier to interpret and more similar to the NAHB/Wells Fargo Housing Market Index for...