While work is abundant across the three-state region of Arizona, Nevada and New Mexico, firms participating in ENR Southwest’s annual Top Contractors survey are navigating an unprecedented mixture of challenges, from soaring materials prices and shortages to a continuing deficit of skilled workers.
“It’s an incredibly hot market for most sectors, and we expect that to continue for the foreseeable future,” says Tom Dunn, president of the Arizona Builders Alliance. “However, supply chain issues, inflationary pressures, increasing financing costs due to interest rates and soaring fuel costs may create a slowdown sooner rather than later.”