Global construction consultancy group Linesight released its “Construction Market Insights” report for the Americas on Thursday, showing that demand for construction workers has surged, leading to rising labor costs and increased project delays.
In the March 21 release, Linesight noted that the construction industry has shown resilience, yet while commodity prices have eased, several challenges persist, including higher finance costs due to elevated interest rates, challenging supply chain timelines for MEP equipment, and labor shortages.