Crain’s Cleveland Business reported on the 2023 Marcum Northeast Ohio Construction Survey and interviewed Partner Roger Gingerich

Excerpt:

The annual Marcum survey asks contractors to rank the biggest threats to their business. Securing skilled labor remains the top concern, cited by 46% of respondents, up from 31% a year ago. Likewise, 9% of respondents see labor costs as the biggest threat, while just 5% saw that as a worry a year ago.

However, different concerns are gaining traction following the recent rise in interest rates and escalating material costs that spiked in the past few years. Banking, or tightened credit by banks, was cited as a worry by 10% of the respondents. That’s up from 5% a year ago.

Click here to read a PDF version of the article >>

Resources

Click here to download the latest Marcum Commercial Construction Index >>

Click here to download the latest Marcum Commercial JOLTS Analysis >>

Click here to download the latest Marcum-PAS Contractor Compensation Quarterly >>