The hopeful trend towards price stabilization and supply chain improvements in early 2022 is now complicated by new challenges. The war in Ukraine has reduced the supply of raw materials, port congestion from China to Los Angeles continues to delay shipments on all goods, while new COVID-19 variants have continued, leading to a forecasted overall escalation of 7-9% in 2022. But our industry has proven resilient. To support appropriate, proactive planning, we compiled the following information from our subcontractors and vendors across all of our regions, as well as trusted data from the industry.
Market Outlook: April 2022
Peter Capone, Director of Purchasing & Jared Lachapelle, VP of Pre-construction
To access a full PDF of this information, click here: Market Outlook: April 2022.