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

By peter.cholakis@verizon.netNonresidential Construction Market Update

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

 

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.