Is relief in sight for construction material price?
Is relief in sight for construction material price increases? As we head into a weakened economy due to interest rate hikes, housing and private sector construction starts are down but the government keeps spending on infrastructure projects. January 2023 vs. January 2022 (YoY) Total construction down 14% Residential starts down 34% Non-residential starts down 2% Non-building starts (roads & infrastructure) up 10% Last week I attended a construction conference and gained great insight into what companies are seeing across the country. Most civil and general contractors have noticed a decline or delay in multi-family and commercial construction projects but many of these contractors have large backlogs they are working through. Contractors focused on government projects are seeing great opportunities and remain optimistic for 2023. Labor shortages and material prices continue to erode contractor margins but to a lesser extent than last year. If you have a need for quality commercial construction at great value, please send bid requests to: info@servcobuilders.com

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Outerknown

Outerknown

We are proud to share another successful project with a Team that truly cares! With their commitment to environmental sustainability, Kelly Slater’s apparel brand Outerknown’s new retail location incorporates cutting edge design with their creative use of recycled materials.

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Dita Eyewear

DITA EYEWEAR

Servco Builders is pleased to announce the opening of DITA EYEWEAR’s new location at Fashion Island in Newport Beach adjacent to the koi pond.

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