Construction owners optimistic despite inflation, etc…

Today’s construction small business owners are facing many pandemic-induced challenges, including supply chain constraints and labor shortages, and 60% are struggling according to a recent Federal Reserve survey.

A recent survey from Nationwide highlighted construction owners’ top concerns and their outlook for business in the year ahead. The study showed that costs are top of mind with 78% of business owners saying costs were a challenge last year, and another 78% expecting materials to get more expensive in the foreseeable future.

Despite the increased barriers, more than three-quarters of homeowners have plans for more home renovation work in 2022 beyond their current projects and only 5% expect to halt those plans due to supply chain and inflation challenges. Sustained demand has 7-in-10 construction owners optimistic about their business in 2022 and 63% say they’re booked for a month or longer.

For more information on the Nationwide survey, view the release, survey results and infographic here.

Events
will be held January 26th, 2023, Noon to 4 PM EST with Atlanta locals in person and rest of country virtual via Zoom.

Read more BELOW

 
January 26th, 2023
The 13th Annual Hybrid Summit will be held on January 26th, 2023 Noon to 4 PM EST.

Virtual Women in Construction: Building Connections was held on December 14th, 2022, 1 PM to 2 PM EST via a Zoom. 2023 Virtual Women in Construction TBD.

2023 Virtual Men’s Round Tables

2023 Men’s Round Table #1 will be held Q1, 2023


2023 Virtual Women’s Round Tables

2023 Women’s Round Table #1 will be held Q2, 2023

News

Hotel construction shows signs of life

Hotel construction, which has declined for the past two years. showed a slight increase at the end of the year, STR reports. Luxury and upscale hotels in Dallas, New York and Phoenix have the largest percentage increases in construction. Lodging  

Spplements/Podcast
See Website for Details