What’s Happening in the Construction Economy in 2022?What’s Happening in the Construction Economy in 2022?

Pierre Villere, senior managing partner of Allen-Villere Partners, the premier mergers & acquisition advisors and valuation services firm to the construction materials industry, said 2021 remained a good year in the concrete ready-mix industry despite the challenges posed by the pandemic.

He said most operations in the concrete ready-mix industry were found to be essential operations during the pandemic.

"Production activity remained pretty steady," he said.

Villere said production remained up in 2021 and said the backlog for 2022 looks very promising. He noted that production for his firm was around 377 million cubic yards in 2021.

"I think we'll push past 400 million cubic yards in 2022," he said. 

Villere also said those numbers are up compared to pre-pandemic production levels in 2019. 

"Just to point out, we're not where we were as far back as 2005 and 2006, " he said.

Watch the full video interview with Villere above this article.