ENR MidAtlantic City Scoop recently looked at construction starts in Philadelphia.
GBCA member Mack Stulb, CEO of LF Driscoll, was also featured, speaking about how rising interest rates are affecting construction sectors in Philadelphia.
From ENR MidAtlantic:
Some Philadelphia-area construction sectors are doing well, such as multifamily housing, life science, health care and higher education, Stulb says. But he adds, “All sectors are seeing some slowing down due to the continuation of rising interest rates, material costs and the uncertain financial markets.”
Demand for acute health care facilities to serve the aging population is rising, but large capital health care projects are decreasing, Stulb says.
