Posts tagged economic challenges
Finding Success in Nashville Construction No Matter the Market

In the face of shifting interest rates and financing challenges, Nashville's construction and real estate market remains busy with activity. Despite the hurdles posed by economic uncertainties, at Eshelman Construction, we're proud to continue adding value to our clients. Our strategic approach and advantages, including value engineering and managing subcontractor relationships, help us lead our clients successfully through each project, even in challenging economic environments.

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Eshelman Construction: 2022 Review and 2023 Outlook

Eshelman Construction reports a strong outlook for 2023, with the biggest backlog and new business pipeline in its history. The U.S. commercial construction market is projected to grow at a CAGR of 3.3% from 2021 to 2028, driven by factors such as urbanization, the increasing demand for office and retail space, and the rise of sustainable construction practices. Eshelman Construction is taking on larger and higher dollar-value contracts, reflecting its expertise in the construction industry and its ability to execute complex projects. Despite supply chain disruptions and rising material costs, the company is committed to delivering high-quality construction services using the latest technology and sustainable practices. Nashville's projected population and employment growth is expected to drive demand for various construction projects, and Eshelman Construction is well-positioned to capitalize on these opportunities.

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