College graduates are fleeing coastal cities
Net Domestic Migration of Working-Age College Graduates in the 12 most expensive large metro areas (including cities like New York, LA, and Chicago)
| For most of this century, large urban areas — nearly all of them on the East or West Coasts — saw net gains of college graduates, even as they lost large numbers of workers without such degrees. But in a trend that began before the pandemic and has since picked up steam, expensive cities are now shedding educated workers too. |
Data analyzed by The New York Times shows that many people leaving cities with high costs of living, like New York and San Francisco, are landing in major metros that are not quite so expensive, including Phoenix, Atlanta, Houston and Tampa, Fla. The pandemic-era rise of remote work has accelerated the shift.
You can look up your metro area to see whether you’re gaining or losing college-educated workers.
If the Debt Ceiling is NOT Raised – Construction Impact Will Be Significant
Source and further reading: https://www.construction.com/news/debtceilingmay23
Construction Inflation and Prices
Source: Dodge Data & Analytics – https://www.construction.com/news/April23PPI
Industry Confidence Index Increases 1 Point
The ENR Construction Industry Confidence Index for the first quarter shows that, of the 305 executives of large construction and design firms responding to the survey, a majority believe the market is growing. The CICI index moved up a point, to a record 78 on a scale of 100, in the first-quarter survey, an indicator of a growth market.
AGC – ConstructorCast: “Contractors Care: An Industry of Support” –
Construction has one of the highest suicide rates of any industry. On this episode, we speak with the co-chairs of AGC’s Mental Health & Suicide Prevention Task Force — Mandi Kime of AGC of Washington and Brandon Anderson of AGC of Missouri — on how they are leading the fight for an industry in crisis. They share why they are so passionate and how they are working to combat construction’s leading mental health difficulties and the stigma that accompanies them. Listen now.
ABC Construction Backlog Indicator increased to 8.9 months in April from 8.7 in March
Source: ABC.org
