Minneapolis Fed survey: Nonresidential builders face tighter pipelines, rising costs
Construction Dive
AI Article Summary
The Minneapolis Fed survey indicates that nonresidential builders are experiencing tighter project pipelines and rising costs. However, sectors such as data centers and healthcare projects offer some relief. While uncertainty persists, these sectors provide opportunities amidst challenges faced by builders.
What This Means for Canadian Contractors
For Canadian builders, this means potential challenges as rising costs and tighter pipelines could impact project timelines and budgets. Emphasizing sectors like data centers and healthcare may provide opportunities to offset these challenges. Keeping an eye on emerging industry demands is crucial for sustaining business growth.
