The Infrastructure Investment and Jobs Act (IIJA) will fuel construction materials demand, according to a new report from FMI Capital Advisors. The 2022 construction materials report, “Seizing the Opportunities Ahead,” also cautions the ability to meet the demand will be tempered by labor shortages, inflation, and supply chain issues.
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Capturing the Momentum: Construction Materials Review of 2020 and Outlook for M&A in 2021
(PRNewsfoto/FMI Corporation)
George Reddin, Managing Director of FMI s Construction Materials group, says, Throughout 2020, market sentiment operated like a pendulum, swinging back and forth between certainty and uncertainty. By the end of the year, optimism, earnings, and M&A activity all began picking up, allowing the CM industry to finish strong. FMI expects this trend to continue into 2021, driven by new potential for funding, vaccine progress, and a surprisingly robust residential market.
Key findings include:
Beyond the global health crisis, 2020 was already set to be a pivotal year for CM, as federal infrastructure funding was in the spotlight with the Fixing America s Surface Transportation (FAST) Act set to expire in September.