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Construction Industry Looks to 2023

CFO News Room

As 2022 closes and 2023 begins, we spoke with the members of our senior sales team for the construction industry to get their thoughts on the challenges construction companies will face in the new year. They have been through many business cycles and have seen construction businesses thrive, survive, and fail.

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The UK Construction Sector’s B2B Payment Practices Crumble

PYMNTS

28) concluded that 55 percent of companies in the construction subcontracting industry feel powerless to influence the payment terms of their contracts with larger construction companies. That’s more than the number of small subcontracting firms that say skills shortage and U.K. Research published Monday (Nov. ”

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Home Construction Rebounds In May, But Trouble Lingers

PYMNTS

home construction collapsed in March, the sector rebounded in May after steep declines caused by COVID-19 shutdowns, according to the U.S. But last month’s numbers are 8.8 For the first time since U.S. Census Bureau and the Department of Housing and Urban Development. Building permits in May increased by 14.4

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Collapse in Prospective Home Buyer Traffic

Barry Ritholtz

The caveat these days is that a wicked combination of events — falling new home construction post-GFC, the pandemic purchase spree, and the low available inventory have made it more difficult to read into the usual home data. Nowhere is this easier to see than in mortgage rates and their impact on home purchases.

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Walmart Ramps Up Warehouse Construction

PYMNTS

That will put the total number of Walmart’s eCommerce-only fulfillment centers to 10, according to Justen Traweek, vice president of eCommerce supply chain and fulfillment. That expansion is partnered with Walmart’s other recent upgrades, including automated product sorting and improved item tracking. .

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Payroll Gains Beat Expectations, but the Pace Is Slowing

CFO News Room

Within the 37,000 addition in goods-producing industries, construction added 20,000, durable-goods manufacturing rose by 11,000, nondurable-goods manufacturing expanded by 3,000, and mining and logging industries added 3,000 (see second chart). The total number of officially unemployed was 6.011 million in November, a drop of 48,000.

Economics 130
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Another 870K Americans File Jobless Claims

PYMNTS

The number of Americans who filed for jobless claims increased last week, higher than analysts' predictions, another sign that the nation’s recovery is uneven. The total number of people claiming benefits in all programs for the week ending Sept. The total number of people claiming benefits in all programs for the week ending Sept.