Supply chains are still disrupted, corporate economists report

Jul 25, 2022
A record-high percentage of firms are facing supply shortages, the National Association for Business Economics found, and most are passing cost increases om to customers.
There are more new cars available to consumers, but it's more because of slowing demand than easing supply chain issues.
Spencer Platt/Getty Images

With workers scarce, some industries are turning to robots

Jun 2, 2022
The pandemic accelerated automation purchases, according to an industry group, especially in agriculture, construction and fast food.
A fully automated fast food restaurant in San Francisco in 2015. Industries like fast food and construction increasingly rely on automation.
Justin Sullivan/Getty Images

Why there's so much new multifamily construction right now

Apr 21, 2022
Rents are up, providing builders an incentive.
Higher rents in outlying suburbs have been an incentive for builders to construct more apartments.
Al Bello/Getty Images

Higher mortgage rates could make the housing supply problem worse

Apr 1, 2022
Homebuilders already face higher prices for materials. More expensive loans could affect construction for years.
The Federal Reserve's interest rate policy is upping the cost of home construction and could constrict future inventory.
Justin Sullivan/Getty Images

The CEO of homebuilders' chief trade group doesn't see shortages letting up soon

Feb 11, 2022
Jerry Howard, CEO of the National Association of Home Builders, discusses the challenges facing his industry.
An exterior of the house selected as this year's New American Home at the International Builders' Show in Orlando, Florida.
Amy Scott/Marketplace

Homebuilders say they can't find enough workers despite better pay

Jan 20, 2022
Demand is pushing up wages, but not enough, some say, to bring young workers to the door as older ones head for the exit.
The construction industry is dealing with a labor shortage as older workers leave the field and too few young people choose to join it.
Bruce Bennett/Getty Images

Despite shortages of materials, new housing construction is up

Dec 16, 2021
Contractors are finding ways to work around supply chain delays, but projects are taking longer.
New homes are being built, but the costs of shortages and delays may be passed on to  buyers.
Scott Olson via Getty Images

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What makes federal infrastructure jobs "good-paying"?

Dec 6, 2021
The idea that federally funded construction projects must pay a minimum "prevailing wage" goes back to a 1931 law.
The Department of Labor is preparing updates to the regulations of federally funded construction jobs. Above, a crew resurfaces a road in Alhambra, California.
Frederic J. Brown/AFP via Getty Images

Commercial construction spending dips as shortages continue

Nov 1, 2021
Warehouses are booming, but not so much for offices and retail. Vaccine hesitancy and lagging pay contribute to labor shortage.
The demand for condos is still high.
Eduardo Munoz Alvarez via Getty Images

"Location, location, location" still applies if you're in the market for a new house

Sep 21, 2021
Shortages of building materials vary by state, so more new homes are being built in some regions than others.
Location is playing a role in both the pace of building and the availability of supplies and labor for new homes.
Mark Evans via Getty Images