The Quarterly Construction Metrics Index is the first to reveal the most noteworthy statistics and insights from each quarter of 2023.
From record inflation and high material prices to supply chain challenges and ever-present labor shortages, construction problems remain even as COVID seems to recede.
The index includes real-time, anonymized data from over 1000 Viewpoint customers to help you benchmark your organization against the industry and understand the changing construction landscape.
The most uncelebrated economic recovery in recent memory continues to confound contractors, who saw their overall project rate increase in February and March—but dropped overall in Q1. Hiring saw modest gains as the talent churn continues.
The economy continues to go through peaks and valleys, and construction labor shortage has been such an issue across the industry for so long that it’s welcome news to see hiring increase significantly quarter-over-quarter.
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Contractors don’t have an easy way to make sense of all your data. Viewpoint’s new analytics tool helps you report, benchmark, predict and optimize your projects. Experience it yourself in an easy, self-guided tour.
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What the 2021 American Jobs Act Means for infrastructure in the U.S., and your construction company.