The Biggest Opportunities and Challenges for the Building Industry in 2022

The building industry has seen its share of housing construction challenges over the years, but rarely have we seen the turmoil and disruption of the last couple. The effects of the pandemic and the supply chain issues that followed have created challenges most of us have never seen before. 

However, 2022 is looking brighter as the industry returns to work amid the backlog of orders and consumer demand. Renewables, technology, increased spending, and efficiency will dominate construction opportunities for 2022. 

Technology is Winning

From drones to electronic timekeeping, the construction industry is employing technology. Many of us place orders, check inventory, and manage projects with the supercomputer in our pocket.

Here are just a few ways technology will help us in 2022 and beyond:

Drones

Drones are being employed to great effect, especially in multi-project developments. Drones are very cost-effective and supply much-needed information without the expenses associated with travel. Drones can ensure that worksite safety procedures are used and confirm material deliveries as well.

Built-In Technology

Technological advancements are very evident in windows and doors, especially in areas of security and energy conservation. Some manufacturers have begun to integrate technology like security sensors into the process, eliminating potential points of failure. Many of these can use Bluetooth to communicate with the security control panel right out of the package.

Residential Construction Spending Will Increase

Some estimates suggest a substantial increase in residential construction spending of as much as 6.6% over 2021. Although the number is not as high as the jump from 2020 to 2021, current estimates suggest at least nearly 837 billion will be spent on residential construction in 2022.

The challenges? Manufacturer lead times are constantly in flux, and price increases are becoming the norm. WindowRama is working hard to find ways we can keep your projects moving forward including increasing our stock inventory. We’ll also continue to work with our vendors to identify alternative products with shorter lead times.