Construction Outlook 2022
Contractors are far more upbeat about this year than they were at the start of 2021 — though tough challenges still exist.
AGC experts, contractors and vendors, on a January webinar and in interviews with Constructor, share their insights on the opportunities as well as challenges for 2022.
"Contractors are overall very optimistic about the outlook for the year," says Steve Sandherr, CEO, AGC of America. "They expect demand for most types of projects to increase, and as a result, most firms plan to add staff. Contractors also continue to invest in new technologies that are designed to make them more efficient and effective."
Still, several significant challenges remain, including supply chain problems, rising prices and labor shortages, Sandherr says. Despite those challenges, contractors — responding to a survey jointly released by AGC and Sage Construction and Real Estate — expect the construction market to expand in nearly all categories of projects.