2023 Annual Report & Forecast Overview

By Rod Sutton Construction markets delivered on expectations in 2022, calling it a “very good” year for business and an improvement over the “good” business reported in 2021. It is more of the same, according to respondents, for 2023. The business forecast is “very good.” No surprise is the performance among home builders, who continue to see demand for new housing into 2023. Nonresidential construction has also been strong, with a “very good” 2022 expected to taper slightly in 2023. Water infrastructure continues to struggle. The market fell short of expectations in 2022 of a “good” year, instead rating business as “average.” The forecast for 2023 is “good.” READ FULL ARTICLE>>