Over the past year, supply chain snarls and pandemic-related uncertainty have continued to affect the construction industry, leading to high materials costs, delays and difficulty finding skilled labor. It’s not all bad news though: some costs remained relatively flat, the impact of COVID-19 is easing in much of the U.S. and passage of the Infrastructure Investment and Jobs Act (IIJA) will infuse federal money for a variety of projects.
The following graphs illustrate some of the challenges contractors have faced, and break down the machinations behind key pain points. All data displayed is from Sept. 2020-Sept. 2021, unless otherwise specified.
