You consent to our cookies if you continue to use our website. Click 'Cookie Preferences' below to choose which types of cookies to allow.
The pendulum is swinging from an ebbing U.S market...
We have seen an increase in new project and program starts as the economy recovers from the global pandemic, and as owners, developers and investors have more clarity. While the pendulum swings back from an ebbing market, we now face material and labor shortages in a classic case of demand growth versus constrained supply.
The current market dynamics resemble the slow recovery experienced after the recession in the late 2000s and therefore are not new to our industry. Material and labor levers are expected to keep pressuring pricing structures for various industry stakeholders.