Construction Momentum Gaining Steam, Uncertainty Still Looms

The future of construction looks bright and industry momentum sits at a 12 year high, according to the Dodge Momentum Index. With contractors facing unprecedented cost increases, supply chain disruptions, and worker shortages- how companies will approach the coming growth is still uncertain. From our perspective, we feel unemployment benefits need to start getting peeled back. Contractors need to get aggressive with hiring and be ready to train younger and/or new talent looking to return to the workforce as the pandemic wanes.

“The fact that employment has stalled — despite strong demand for new homes, remodeling of all types and selected categories of nonresidential projects — suggests that contractors can’t get either the materials or the workers they need,” Simonson said.

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