Today's Construction Industry Economy - Q4 2021

Supply Chain Disruptions Translate to Project Delays and Spiraling Costs

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

As we enter the home stretch for 2021, unfilled construction jobs are at all-time highs even as wages increase at rates well above the national average. While construction capacity is picking up, it seems we can’t get there fast enough. This quarter’s report highlights these interrelated supply and demand dynamics and lays out forecasts for when the industry will reach some form of normal.

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.

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