Today's Construction Economy
Q1 2023

Inflation Looks to Be Slowing while Labor Availability Remains a Challenge

By Tom Sanders, CCEA, CBA

Chief Economist, MOCA Systems, Inc.

Inflation has shown signs of cooling off both in the general economy and in construction inputs and selling prices.
Nowadays, the biggest headache for construction firms and owners is the state of labor availability at all skill levels. Construction unemployment levels are at all-time lows, and all construction firms are clamoring for workers. Our focus continues to be on the primary drivers of selling price to owners.

Download our Q1 Construction Economy Report and get all the details from MOCA Chief Economist Tom Sanders.

Meet the author

Tom Sanders, CCEA, CBA
Lead Economist at MOCA Systems

Tom Sanders is the lead economist for MOCA Systems, Inc., a leading owner’s representative firm providing program and project management services. Tom provides independent market analyses for military construction projects. He is a retired USAF Reserve Colonel with 30 years of service.

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