2022 Construction Growth Forecast to Top 2019 Levels

Construction starts will rise 6% in 2022, which is above levels for peak year 2019, according to a new forecast by Dodge Construction Network. That’s a drop in growth from this year, which Dodge predicts will be at 12%. But it still edges higher overall, to $946 billion, from this year’s predicted total starts of $863 billion. Dodge Chief Economist Richard Branch cautioned that the main driver of the increase has been residential construction, and when taking those numbers out, construction starts would rise by only 4% and drop below 2019 figures. READ FULL ARTICLE>>