Industry Trends
Green Construction
There continues to be a shift towards sustainable and "green" architecture and construction across the U.S.1 Over 138 businesses and organizations, including the American Institute of Architects2 and the Structural Engineering Institute,3 are committing to the World...
Material Shortages and Supply Chain Issues in the Construction Industry
For more than two years the construction industry has experienced material supply chain issues and higher prices due to the COVID-19 pandemic. Since this issue continued through 2022, material prices and availability have not returned to pre-pandemic levels. The war...
Effects of Inflation on Construction and Government Contracts
As of June 2022, the annual inflation rate in the United States hit 9.1%, the highest it has been since November 1981.1 Inflationary effects and risks are not always uniform and can be different across industries, materials, and even equipment.2 Year-over-year price...
Permanent Modular Construction
Permanent Modular Construction (“PMC”), or off-site construction, is the process of prefabricating construction components in sections (or modules) off-site, most often at a large warehouse or factory, and then transporting those components to the site for a...
Construction Labor Shortage Trends
The construction labor market in the U.S. has been tightening for decades.1 At the end of 2021, the U.S. Chamber Commercial Construction Index stated that 62% of contractors reported “high difficulty” finding skilled workers, and 56% of contractors reported a “high...
Breakwater is bringing the news to you! We will be pulling together news bulletins related to industry trends that we find relevant from many third party sources. We hope this information is useful to our current and future clients.
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