Long Island Business News reported the findings of the most recent Marcum Commercial Construction Index.
Long Island Business News
By David Winzelberg
The construction industry, which has been constrained by labor shortages and higher materials prices, now also faces a rapidly deteriorating economic outlook and severely elevated borrowing costs. That’s according to the Marcum Commercial Construction Index, which reports that while some construction segments retain momentum, there are signs that broader economic weakness have begun to drag on the industry.