January 31, 2020
Contractor magazine cited the Marcum Commercial Construction Index in their 2020 Market Forecast for the industry.
Contractor Magazine
By Steve Spaulding
Excerpt:
According to a release by the Marcum Commercial Construction Index, “Faced with surprisingly low inflation in the context of weakening global economy and a still sturdy U.S. dollar, the Federal Reserve has seen fit to put downward pressure on borrowing costs,” all of which is good for developers and borrowers alike…. The producer price for construction costs has risen more than 5 percent in the Midwest, West and Northeast over the past year (according to data from Marcum Commercial), in part because many contractors are paying significant overtime.
