Wave of bankruptcies takes the construction industry into a stranglehold: 30 bankruptcies in one week. Common reasons for the bankruptcies are high interest rates, construction costs and a massive drop in the number of orders.
As of: April 7, 2024, 6:01 p.m By: Amy Walker CommentsPressSplit The construction and real estate industry is groaning under interest rates and construction costs. In the first week of April, over 30 insolvency proceedings were opened in the industry.