Construction Market Approaching 2024

It seems these days that folks are trying to get a handle on where the economy is going. If you have been involved in fundraising in the past few months, you learned that people will still give to improve their community, but may not feel they can be as generous as inflation takes a bite out of their spending power. Merchants are worrying about what this holiday season might look like.

In the construction world, 2023 has been a mixed bag. In our legal practice, we are seeing an uptick in requests for collection efforts. At the same time, projections for 2024 seem to be looking up.

In a recent article, Cumming Group, a constructions analytics group, provided insight into the coming year. Check out their projections: https://insights.cumming-group.com/regional/raleigh-durham/