
2023 construction outlook roundup: Proceed with warning
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As they give the affect of being to the year ahead, contractors are searching to know the diagram frayed supply chains, inflation and labor shortages will affect their alternate.
Published Jan. 23, 2023
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Construction Dive Workers
Sergey Pakulin by Getty Photos
U.S. contractors hold plenty on their minds as they give the affect of being to the year ahead.
Tousled supply chains and rising inflation might well per chance well well bring increased charges and decrease profits in 2023. Crew shortages, which invent tasks hold longer and fee extra, look dilemma to worsen in 2023.
As the specter of a recession continues to loom in spite of increased interest charges, contractors are making ready for a downturn while staying optimistic, on account of above-common backlog and federal funding for infrastructure and manufacturing.
Here, Construction Dive rounds up its 2023 outlook reports.