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For many contractors in 2022, concrete availability and pricing have been serious pressure points, and observers have varying opinions on whether this could continue into 2023.
Recession fears, inflation and other issues plaguing the economy in the first half of 2022 have persisted through the third quarter. While most construction sectors have been successful throughout this year, questions regarding what’s to come in 2023 loom large as we head toward the end of the year.
Growing from 50 to 500 employees in three years, the building materials delivery service announced a significant financing increase from its latest funding round amid the company's continued expansion.
Between COVID-19, the five named storms that hit the state in 2020 and the industry’s ever-present labor shortage, Louisiana contractors have spent the last year trying to get by with a maxed-out workforce and pandemic-related supply chain shortages.
While price increases in softwood lumber have pushed new home costs higher due to homebuilders’ extensive use of the material, estimators for all other building types have felt the pinch as well.