AGC Releases Annual Construction Industry Assessment
The results of the annual AGC of Minnesota survey of General Contractors, Specialty Contractors, Architects, Engineers, Industry Suppliers and Service Providers was released in December. Overall, respondents are strongly optimistic that market demand for construction services will be positive in 2022, reflecting a return to almost pre-COVID optimism levels. Project cancellations and deferrals have abated slightly but remain at high levels for both building and highway markets. The pandemic remains a drag across all AEC sectors but flagging market opportunity due to COVID impacts has been overtaken by stubborn supply chain disruption and skilled workforce availability as the greatest challenge to business operations. View the assessment »