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.
“We’re in the best position we’ve ever been,” Barton Malow Builders’ COO Todd Ketola says of the company’s standing in the Southeast construction market. And judging by Barton Malow’s 2022 performance in the region, that sentiment seems well justified.
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.
Southeastern design firms stayed busy and grew revenue in 2022, and as they look to the future, they expect to maintain that momentum as people continue to move to Southeastern metro areas and federal dollars support infrastructure investment.