Firms' global revenue hits new peak of $138.9 billion with elevated environmental priorities, more funding and continued sector consolidation, but key risks still hover.
As many workers and companies still embrace hybrid and remote models established during the COVID-19 pandemic—even several years out from its onset—impacts on construction continue, with some sectors thriving and others diminishing.
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.
Employee-owned architectural and engineering firm Halff has had a stellar last few years—nearly doubling revenue, hiring hundreds of new employees to tackle significant design projects and keeping its people-first business model.