Reports

Written by MOCA Chief Economist Tom Sanders, this quarter’s edition highlights the remarkable strength in the nonresidential construction market, even in the face of continually high inflation.

Despite being challenged by constrained construction supply chains, a decrease in skilled labor pools, and inflationary pressures, the construction industry remains upbeat and forecasts are for continued spending increases and job growth.

Compromised supply chains and labor availability challenges have driven costs up, but the new Infrastructure bill and sustained industry confidence will likely keep the recovery on track.