The good news for the construction industry is that the market is beginning to have some semblance of what it looked like prior to the pandemic.

LGE Design Build, a full-service commercial general contractor with an in-house architecture firm, recently completed construction on 820 Exchange in Haltom City, Texas. 

In 2022, the demand for commercial construction has nearly returned to pre-pandemic levels. General contractors are beginning to fill backlog orders from the hiatus created by COVID-19.

The construction industry in the Southwest continues to follow a positive trajectory. Growth is occurring across almost every commercial construction sector, namely industrial, office, mixed-use, retail/hospitality, healthcare, and adaptive re-use/tenant improvement.

During construction, we manage tasks related to on-site activity and ensure that we proactively communicate with the construction team and that we adhere to weekly schedules, delivering day-to-day objectives that ensure the project is completed on time.

To put it very simply, construction materials are in short supply. Natural disasters, manufacturing and production setbacks, logistical bottlenecks, labor shortages, and political instability have conspired to produce what several sources call a “perfect storm”

For anyone that passes a construction project every day on their way to or from work, it’s no secret that it is a very involved process that takes months and, sometimes, even years to complete.

Commodity prices have been increasing across the board. Overall construction costs for the 12-month period through the end of August 2021 rose by 4.5 percent, with material costs leading the way with a massive increase of 23.1 percent.

The positive trajectory of the construction industry in Arizona and Texas is continuing. We’ve been fortunate in that the sectors in which we build have continued to grow.