With high construction costs 'normalized,' cities and states clamoring to get to market – Bond Buyer

After experiencing high construction costs, cities and states are now seeing a normalization in prices. This has led to a rush by local governments to get projects to market. The Bond Buyer reports that with costs stabilizing, municipalities are eager to take advantage of the current market conditions. This trend is seen as a positive development for the construction industry as well as for the overall economy. The decrease in construction costs has prompted cities and states to move quickly on their projects, ensuring that they can take advantage of the more favorable pricing. This newfound stability in construction costs is welcome news for government entities looking to invest in much-needed infrastructure improvements.