Contractors are feeling optimistic about 2022 thanks to anticipated infrastructure projects and expected increased private-sector investment for healthcare and warehouses, even as workforce and supply chain issues remain as likely challenges for the industry, say survey results released by the Associated General Contractors of America and construction technology company Sage on Jan. 12.
The construction outlook survey of more than 1,000 AGC members showed that contractors are expecting dollar value of projects across most building segments will increase this year, with the most optimism around bridge and highway construction, plus other transportation projects. That was a big turnaround from the AGC survey a year earlier, when the majority of respondents predicted drops in nearly all categories. The only market segments where more respondents expect a drop this year are retail and office space projects. Stephen Sandherr, CEO of AGC, says contractors are planning to invest in their own growth.