Each quarter, the Quarterly Construction Metrics Index is the first to reveal some of the most noteworthy statistics and insights from Q1 2022.
Overall, new projects increased quarter over quarter (Q1 2022 vs. Q4 2021); but declined when evaluated year over year.
The index includes real-time, anonymized data from over 1000 Viewpoint customers to help you benchmark your organization against the industry and understand the changing construction landscape.
General contractors saw a 14% increase in projects compared to Q4, but experienced a 36% decrease when compared to Q1 2021.
The small bumps in new projects from quarter to quarter is heartening. But ongoing challenges like rising material costs, supply chain uncertainty, and rising interest rates ahead are preventing a big return to the new project levels we saw a year ago.
What do you think?
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