Insight
Q3 2023 | Market Report
Q3 2023 INSIGHTS ON INDUSTRY PRICING, LEAD TIMES + MARKET STATUS
DAVIS is pleased to share with our valued clients this report that explores the landscape of the Mid-Atlantic market and highlights the pricing trends, supply chain issues, and significant industry shifts throughout the third quarter of 2023.
Key takeaways looking back on the third quarter of 2023:
- 36% of trade partners attributed reduced construction pricing to market conditions and decreased construction starts
- 57% of trade partners saw stabilized or decreased lead times in the last quarter
- Construction spending for August 2023 was up 0.5% over July
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