Despite industry-wide challenges from labor shortages and frustrating supply chain snags, most specialty contractors across the West Coast saw revenue gains in 2022.
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.
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.
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.
A big year of revenue growth in the Southeast and big project and safety achievements earned Martin Concrete Construction, of Kennesaw, Ga., the title of 2023 ENR Southeast Specialty Contractor of the Year.
Specialty contractors in the five-state region of Arkansas, Louisiana, Mississippi, Oklahoma and Texas reported strong performance in 2021, according to the results of ENR Texas & Louisiana’s annual Top Specialty Contractors survey.