Washington DC2018-09-26T12:43:51+00:00
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Washington-Arlington-Alexandria

The current DC-Maryland-Northern Virginia construction market continues to remain busy as infrastructure, residential, and healthcare sectors have been ramping up.

As the market has continued to rebound a shortage of key trades continues to contribute to increased bid pricing. Eventually, regional volume is expected to slow through 2019 due to a sharp decline in the residential sector and infrastructure is expected to plateau. Construction labor shortages are prevalent, as 81% of surveyed general contractors are having difficulty hiring craft hourly workers according to AGC. Unemployment in August remains very low. There appears to be shortages of carpenters, equipment operators, and concrete workers. Top projects in the region include I-495/I-95/I-270 Improvements ($7.6B), Dominion Square East ($4.8B), Port Covington Redevelopment($3B), and Viva White Oak ($3B) in Silver Spring.

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