News

2023 Fourth Quarter Pricing and Trends Influence Outlook Economic uncertainty continued to affect the construction industry throughout 2023 and in the final quarter of the year. The cost of services remained high, and labor shortages across the country have been…

Second Quarter Pricing and Trends Influence Outlook With the very real concern of an impending recession, the industry, and the country as a whole, are delving into unique ways to help make the softening as short and painless as possible.…

First Quarter Pricing and Trends Influence Outlook The anticipation of a slowly stabilizing post-pandemic recovery has encountered additional unforeseen hindrances with the war in Ukraine, as well as continued rising inflation. Market volatility has rippled across the entire construction industry.…

2021 Q4 Pricing and Trends Influence 2022 Outlook Construction has entered 2022 with guarded enthusiasm. After multiple years of COVID-influenced supply chain and shipment delays—and a new challenge of inflation effects—it is no wonder many projects are looking to find…

Pence has begun tracking and providing quarterly overviews of the construction commodity market. We invite you to download the latest update below. Q3 2021 Summary: Construction escalation and supply chain issues are two issues which the stability of the industry…