Total construction starts anticipated for the coming year amount to a 3% gain, which, although lower than last year’s 4% rise and more substantial increases in previous years, is still in positive territory. Bob Murray, Dodge’s chief economist, said that the market is functioning at a decent clip and that despite rising interest rates and material cost and a tight labor market having a dampening effect, those factors won’t put the market into a cyclical decline.
https://www.constructiondive.com/news/construction-decelerating-but-not-declining-experts-say/520521/