2021 has been a surprisingly good year for construction in Nashville. Looking ahead, however, the market is expected to see a steady decline for the next few years.
The largest sector is the residential sector — and the number of high-profile, mixed-used developments reflects this. The next largest sector is infrastructure, driven mainly by a lot of small-scale projects: roads are being repaved rather than new highways being built.
Unemployment has been holding at about 4% since November, within a few percentage points of pre-pandemic levels. Construction employment, meanwhile, has made a full recovery. Currently there are more construction workers in Nashville than at any point in the last few years. Despite the expected slowdown in the future, there is plenty to do now.