As we reach the midpoint of 2023, a number of new trends have emerged in the industry, while some existing trends continue.
This report looks at the following 7 trends we see impacting the construction industry:
- Tightening credit markets
- Market rotation
- Continued shortages of construction labor and engineering talent
- Consent agreements
- Artificial intelligence (AI)
- Net-zero standards
- Increase in lumber prices
Learn how these trends affect the construction industry and the construction insurance market.