While disrupted supply chains, soaring material and labor costs and rising interest rates have hurled construction into choppy economic waters the last several years, the MidAtlantic’s specialty construction firms are starting to get their sea legs again.
The specialty construction market continues to grow in the U.S., adding more than 600,000 positions nationwide since 2020, according to the Associated Builders and Contractors Association.
Regional subcontractors are navigating the highs and lows of a busy post-pandemic construction environment, growing exponentially while battling continuing labor and supply chain challenges that call for creativity alongside cautious optimism.
Green building revenue jumped in 2022 with more projects seeking third-party sustainability certifications. Federal spending and new carbon-cutting standards helped advance climate-friendly design, but Top 100 Green Design and Contracting firms say greater isn’t always greener when it comes to environmental impact.
Rising material costs, a never-ending labor shortage and inflation still have not conspired to keep New York and New England specialty firms from growing revenue.
Martin Concrete Construction’s website points up a number that Cory Lee, the company's president, says epitomizes what the Atlanta-based turn-key concrete specialty contractor is all about—a 93% repeat customer rate.
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.
Worries about recessions and resources have done little to dampen the Las Vegas area construction market, and few specialty contractors better illustrate the current run of robustness than Commercial Roofers Inc. (CRI), ENR Southwest Specialty Contractor of the Year.
Despite recession fears and high interest rates as well as supply chain delays and continuing labor shortages, specialty contractors in the Southwest are applauding last year’s productivity levels and anticipating a continued burst of activity through 2023.