More favorable interest rates and materials prices are colliding with an ongoing labor shortage, bringing a mix of challenges and opportunities for construction project owners, according to DPR Construction’s latest Market Conditions Report. Labor shortages are a critical issue with 77% of contractors reporting increased difficulty in filling skilled craft positions compared to a year ago. While post-election economic policies are still being determined, lower interest rates and inflation are opening financing options for construction project owners. “Factors like interest rates and inflation will continue to play a significant role in determining financing options for construction projects,” said Matt Murphy, … Read more