Fourth Quarter Construction Update: The Good, the Bad, and the UglyIssue 38 - Fourth Quarter 2021
The construction industry continues to wrestle with shifts in how people work, where they work, how they conduct business meetings, shifting residential migration patterns, massive skills/labor shortfalls, and inflation, including in the form of rapidly rising materials prices. Despite ongoing economic recovery, nonresidential investment in structures continues to decline. At the same time, data and fulfillment center construction segments remain red hot in the context of the ongoing e-commerce revolution. What’s more, despite tightening monetary policy, contractors continue to remain upbeat regarding business prospects for 2022 along the dimensions of sales, staffing, and margins.
Marcum LLP is a national accounting and advisory services firm dedicated to helping entrepreneurial, middle-market companies and high net worth individuals achieve their goals.
Headquarters730 3rd Avenue11th FloorNew York, NY 10017