Today's Construction Industry Economy - Q3 2021

Construction Labor and Materials Shortages Continue To Strain Contractors

By Tom Sanders, CCEA, CBA
Lead Economist, MOCA Systems, Inc.

As the national economic recovery rolls on, commercial construction appears to be coming back with new starts and backlogs up. Public sector owners are competing with commercial projects for construction capacity and should be prepared to adjust budgets accordingly. Labor and material shortages will be resolved and will lead to gradual selling price increases well into 2022.

Download and learn how last year's pandemic shutdown is impacting jobs, the supply chain, project starts and more.

Meet the author

Tom Sanders, CCEA, CBA
Lead Economist at MOCA Systems

Tom Sanders is the lead economist for MOCA Systems, Inc., a leading owner’s representative firm providing program and project management services. Tom provides independent market analyses for military construction projects. He is a retired USAF Reserve Colonel with 30 years of service.