Here Comes 2023: What’s the Outlook?
The surprises of the midterm election are behind us, and the uncertainty of 2023 lies ahead. In the last year, we experienced skyrocketing energy prices that eventually moderated, historically high inflation that has begun to temper, and major legislation kicking in that is likely to keep the good times rolling for many architecture, engineering and environmental consulting firms well into the future. In this issue of The Friedman File, we assess various markets served by A/E/C firms and venture an educated guess at their outlook for the coming year.
The Housing Divide
One of the biggest and most unexpected developments of late 2021 and early 2022 was the health of the housing construction market across all types. The National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index stood at a near-record-high level of 83 in January 2022, but gradually began to drop as the year […]