Economic Pressures and Labor Challenges: How 2023 Shaped Architecture and Construction Industries
Archinect
DECEMBER 28, 2023
The architecture industry was impacted this year by market volatility, rising interest rates, and evolving labor dynamics. AIA predicts slower growth in non-residential construction through 2023 and 2024 Hints of 2023's challenges began in late 2022, with a downturn in both the ABI and DMI to kick off 2023.
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