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Fourth Quarter Construction Update: The Good, The Bad, and The Ugly

The construction industry faced many of the same headwinds that buffeted it throughout 2022 in the fourth quarter, including labor shortages, high interest rates, and elevated materials costs, but still exhibited a surprising amount of momentum.

2022 Shows Positive Gains in Hiring and Cash Flows, Contractors are Ramping up for 2023

With the passage of the U.S. Bipartisan Infrastructure Law back in November 2021, many contractors hoped it would usher in a resurgence of new projects as the country embraced a renewed focus on updating and modernizing critical infrastructure across the country.

Trimble Viewpoint’s Q1 and Q2 Construction Metrics Index Show Wide Variability in 2022

Trimble Viewpoint recently released its latest Q2 2022 Quarterly Construction Metrics Index, which provides trends related to project starts, hiring, contract values, and cash flow metrics pulled from roughly 1,000 Viewpoint clients during the second quarter of 2022.

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