Brimming with Backlogs: Contractors Have Lofty Expectations for 2022

Painting a broader picture of 2022, the general mindset is one of optimism as construction contractors expect increasing demand for various types of projects, despite ongoing supply-chain and labor challenges. “Contractors are, overall, very optimistic about the outlook for the construction industry in 2022,” says Stephen E. Sandherr, the Associated General Contractors of America chief executive officer. “While contractors face challenges this year, most of those will be centered on the need to keep pace with growing demand for construction projects.” Recent surveys conducted by AGC, the Associated Builders and Contractors and Wells Fargo Equipment Finance Construction Group show renewed optimism among contractors and distributors for increasing profits and new equipment sales this year. READ FULL ARTICLE>>