May 1, 2024

Maurice Regan Discusses Construction Industry Challenges and Future Prospects

JT Magen President, Maurice Regan, shared insights on the construction industry’s recovery following a difficult year. He highlighted that while the firm managed to navigate through the pandemic due to a strong backlog, current challenges include a lack of confidence in office space demand and high insurance costs driven by litigation. Regan emphasized the potential growth in data center construction and expressed optimism about upcoming housing agreements in New York, which could revive multifamily and office-to-residential conversion projects.

Builders plot comeback after brutal year