The Marcum Commercial Construction Index for the third quarter of 2022 reports that the construction industry remains constrained by labor shortages and elevated materials prices, but now also faces a rapidly deteriorating economic outlook and severely elevated borrowing costs. While some construction segments retain momentum, there are signs that broader economic weakness have begun to drag on the industry. The index is produced by Marcum’s National Construction Services group. Labor shortages remain the most pressing issue for the construction industry. “The number of unfilled construction jobs increased to 422,000 in September, the most in any month since at least 2000 … Read more