Construction Industry Has Work, Needs More Workers

The construction industry has become a pillar of strength in the U.S. economy, despite contractors paying more for expenses and facing labor shortages. 

A robust nonresidential construction sector is offsetting home construction in the U.S. that has been weakening under the weight of higher interest rates. Contractors said spending on nonresidential projects hasn’t been diminished by higher borrowing costs that usually drive up the cost of financing construction work.