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In the coming year to 18 months, engineering and architectural firms in the Texas & Louisiana region will continue to face multiple challenges related to attracting staff and high material costs.
Design firms in the Mountain States are feeling optimistic about the project opportunities forecast for the coming months, but they also are wary about what the future may bring given threats of rising interest rates that could cause market instability.
The economy is slowing, but ENR Midwest’s Top Design Firms showed robust growth over last year with participating firms reporting $8.1 billion in total regional revenue.
As ENR Southwest’s recently published annual Top Starts ranking showed, 2022 proved to be an especially strong year for construction firms working in the states of Arizona, Nevada and New Mexico.
The 126 firms ranked on the 2022 ENR MidAtlantic Top Design Firm list reported a combined $6.13 billion in regional revenue in 2021, the same amount logged by 126 firms ranked on last year’s list. Last year’s total was a 2.7% decrease from the $6.3 billion logged by 129 firms in 2019