Mixed outlook on tap for 2023
Dodge Construction Network’s Richard Branch says while the economy will likely slow dramatically in 2023, some construction sectors will feel the impact more than others.
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Pricing momentum continues for Vulcan in third quarter
Vulcan Materials says its total revenues were up 38 percent in the quarter, with average selling prices up sharply.
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Pricing adjustments boost Cemex in third quarter
Cemex CEO Fernando González says 2022 pricing achievements allowed the company to more than offset inflationary costs in dollar terms.
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PCA: Cement consumption expected to drop in 2023
Due to increasing inflation and interest rates, the Portland Cement Association (PCA) projects a 3.5 percent decline in cement demand in 2023.
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AGC: Data shows construction spending down slightly
The Associated General Contractors of America (AGC) says total construction spending was down a tad in August amid rising interest rates.
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Basu: Economic uncertainty to continue into 2023
While Anirban Basu does not believe the U.S. is in a recession, the Associated Builders & Contractors’ chief economist says one is coming in 2023.
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Inflation’s impact on construction sectors
Nonresidential, residential and nonbuilding construction are all seeing different responses to stubborn inflation and rising interest rates.
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Economic risks potentially present in 2023
After a year of growth in 2022, Anirban Basu with the Associated Builders & Contractors says 2023 poses a number of threats to that growth.
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Inflation’s peak still poses problems
While there is a chance the U.S. has reached peak inflation, Anirban Basu, chief economist for the Associated Builders & Contractors, is unsure when prices will start to come down.
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