Infrastructure was a beacon of hope for the construction industry in 2023, with backlog growing as other sectors booked fewer jobs amid high inflation and borrowing costs. Funds from the federal Infrastructure Investment and Jobs Act funds flowed and the White House finalized Davis-Bacon Act updates and Build America, Buy America regulations.
Sections of I-95 in Philadelphia and I-10 in Los Angeles crumbled from fires but were rebuilt in a flash. Meanwhile, flooding, wildfires and extreme heat are increasingly impacting infrastructure and spurring a sharper focus on resilience.
