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