We could see an increase of close to 10 percent in construction projects in 2023, according to the American Institute of Architect’s AIA Consensus Construction Forecast. And 2024 could see an additional increase of six percent. This is great news!
The construction industry, like most industries, slowed down during the pandemic. Labor shortages and supply chain issues posed additional challenges. But things are looking up! Unemployment is low, and there are many positions available in the industry.
Construction spending has been trending upwards this year, and is not showing signs of slowing. Projects that may have been put on hold during the pandemic are now being scheduled, and this is contributing to the brighter forecast as more businesses have returned to the office.
Are you ready to move forward with your project that has been on hold? Don’t wait any longer to reach out to the Prairie Construction team to get your renovation or new build on the schedule for 2023. We are looking forward to working and building with you!