2022 Economic Conditions: Construction Sector

The Federal Reserve Bank of Minneapolis is headquartered in Minneapolis, MN and covers the 9th district that is composed of Montana, North Dakota, South Dakota, Minnesota, 26 counties in northwestern Wisconsin, and the Upper Peninsula of Michigan. In addition to the bank’s duties on monetary policy, banking supervision, financial services they regularly engage with the business community to survey current economic conditions. The Federal Reserve Bank of Minneapolis recently surveys construction firms across the Ninth District to better understand current business conditions in the construction sector, and to gauge the near-term outlook. Please join us to learn how the construction sector has been faring of late, and what is the outlook for 2022? What effects do high material costs and supply chain problems having on activity across the Ninth District?