Prairie Industry Perspective - Construction - February 2022

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The construction industry experienced both highs and lows throughout 2021. While construction starts increased as firms worked on a strong backlog that resulted from COVID-19-related work stoppages in 2020, many obstacles also arose, including supply chain snarls, skyrocketing material costs and a challenging labor market. These obstacles will likely persist to some extent in 2022—along with additional challenges brought on by new COVID-19 variants—however, the construction industry remains cautiously optimistic about the future.

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