Nonresidential Construction Market Update 2022 – Impact of higher financing and project delivery costs

Nonresidential construction DOWN decreased 0.4% in August

  • Largest declines in Highway/street, Water supply and Public Safety
  • Other sectors down include – Commercial, Healthcare, Education, Office, Manufacturing, and Power

 

Nonresidential Construction

Nonresidential Construction 2

Rising costs of financing and delivering construction services put brakes on nonresidential construction.

Now, more than ever, robust, efficient LEAN planning, procurement, and project delivery methods need to be deployed.

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