5 Graphs That Predict The State of US Construction In 2023

Source: www.worldconstructiontoday.com World Construction Today – The year 2022 has been uneven for the American construction sector. Although inflation and interest rates skyrocketed during the past year, contractors remained upbeat despite the unstable business situation. In 2022, inflation was a significant worry because it reached a 40-year high in June. It was fueled by continued supply chain bottlenecks caused by pandemic stress and Russia’s invasion of Ukraine. As a result, the cost of essential building supplies like cement, diesel, and asphalt increased. In a generally competitive job market, the sector likewise struggled to recruit enough personnel. READ FULL ARTICLE>>