Construction Momentum at 12-year High, Despite Continued Challenges

Denise Gillin News

By Joe Bousquin for

The future of construction in 2022 looks bright, especially in the institutional sector, but contractors will have to overcome a multitude of challenges to enjoy it, based on two bellwether construction reports issued last week.

The uptick in the institutional sector, which includes healthcare, education, dormitories, recreation facilities and public buildings such as courts and prisons, seems to be driven by longer-term optimism about the country’s overall progress against COVID-19, even as the hurdles that threaten to hinder construction’s emerging recovery remain in the near term.

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