In his webinar forecast for the U.S. construction market in the coming year, Dodge chief economist Richard Branch notes four primary trends. First, the current material shortages and high prices, driven in large part by supply chain blockages, will remain issues. Second, labor shortages will continue to bedevil contractors. Third, productivity gains will drive profitability. And fourth, changing demographics, market shifts, and other externalities will necessitate flexibility.
2022 Construction Outlook: Four Factors to Consider
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