As is the case in numerous other metropolitan areas around the country, Little Rock’s busy construction market is having to adapt to the shortage of labor to fill critical positions while navigating material scarcities, says Chris Handley.
While the construction outlook for Anchorage and Alaska in general seems to have peaked somewhat, Storter says there are three big drivers for infrastructure development: the Alaska Dept. of Transportation, the US Army Corps of Engineers and the National Telecommunications and Information Administration.
After a period of growth in the San Jose region, expectations for the construction industry going forward are more tempered, Rogers says. The biggest bugbear being high interest rates.
Looking into the coming year, experts are cautiously optimistic of a stronger construction market, particularly in certain sectors such as manufacturing and health care.