With clouds forming on the financial horizon, contractors in Nashville are working on big projects and tackling the growing city’s affordable housing challenges
Specialty contractors are seeing a market steering back toward normal following the upheaval of the COVID-19 pandemic, and while inflation and other storm clouds linger, 2022 was a sunny year in the Southeast for most.
Chancellor Donde Plowman says university system also is exploring further development of the Tennessee River waterfront in Knoxville to create year-round entertainment destination.
Toyota's under-construction battery plant in North Carolina is now an almost $6B project with new funds, while Ford BlueOval plants in Tennessee and Kentucky are boosted by a $9.2-billion U.S. Energy Dept. conditional loan, its largest ever single investment.
Contractors grew revenue in 2022, buoyed by rising populations and favorable business climates amid labor and materials shortages and rising interest rates
Contractors working in the Southeast continued to enjoy rising revenue in a hot market in 2022. And even as some see the momentum of recent years starting to cool a bit, activity remains high.
Southeastern design firms stayed busy and grew revenue in 2022, and as they look to the future, they expect to maintain that momentum as people continue to move to Southeastern metro areas and federal dollars support infrastructure investment.