ForConstructionPros reported the findings of the latest Marcum Commercial Construction Index.
One likely explanation that this has not translated into rapid nonresidential construction spending growth is high materials costs and the lack of labor, both of which appear to be inducing some project owners to take a wait-and-see approach, Dr. Basu points out in the report. Materials costs remain a significant headwind, but he expects inflationary pressures to subside somewhat by the end of 2022.
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