image credit: Adobe Stock

Gilbane sees slivers of hope for material, supply chain woes

While not universally positive, Pendergrass’s outlook for 2H 2022 pointed to key areas displaying better conditions for contractors.

“As we move into the back half of 2022, tighter financial markets, slower growth and a continued improvement of supply bottlenecks could lead to a further retreat in commodity prices and an easing in goods price inflation for many equipment and materials,” Pendergrass wrote. “The rate of increase for commodities is slowing and may be peaking in some commodities as we move to the back half of 2022.”

Read More on Construction Dive