If you didn't notice: Construction wages in some CRE sectors are falling, sending mixed signals.
Nick Grandy, construction and real estate senior analyst with RSM US LLP, tells GlobeSt.com, "We are at an inflection point in the construction labor market as the market is beginning to soften with the continued challenges from inflation and expectations for a recession."
In July, residential construction wages dropped to $29.13 from $29.41 in June, while non-residential construction wages were flat for the month at $34.87 and specialty trades saw wages grow to $32.14 from $32.
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