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Construction industry hopes to build on public projects as private work slows

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Areas of greatest pessimism are in retail, office and hospitality, which are still recovering from the hit they took during the pandemic.

Construction companies are counting on a surge in public works projects to keep them busy this year as higher interest rates cause private real estate investment to dry up.

Contractors, according to a survey the AGC conducted, are much less optimistic about the amount of work they will receive from private sector projects in the coming year than they were at the start of last year. When it comes to the private sector, contractors are most hopeful about landing additional work for power projects, new hospitals and other health care facilities. Most expect warehouse construction activity to increase another year, but the margin of those saying they expect to do more this year than last has shrunk significantly.

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The government has so fully screwed up the economy the only place general contract feel that they will get paid is from the people who steal their money.

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Cooling economy could have a silver lining for North Texas' general contractors - Dallas Business JournalWith higher costs and a tight labor pool, a cooling economy might be just the thing general contractors need to correct a tough hiring environment in North Texas and beyond.
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