The recession is different compared to previous recessions and our president, Barry Wurzel, was interviewed in Construction Dive on how rising interest rates and inflation will affect the construction industry moving forward.
Raising interest rates too much means fewer construction starts, said Barry Wurzel, president of Wurzel Builders, an Austin, Texas-based general contractor. “Interest rates will likely continue to go up and there may be some thunderstorms in the near future over the next six months or more,” said Wurzel. “Inflation affects everyone in the chain.””