Construction Industry...good 2016

[OntarioVanMan]

Led by growth from a number of key indicators like spending and pipeline, the U.S. construction market flexed its muscle in the third quarter across every region and property type, though some uncertainty is beginning to creep in.

Despite construction spending at cyclical highs, the labor crunch remains a major challenge for companies looking to hire given a lack of available skilled workers. And as material and labor costs continue to rise, we expect to see significantly slower growth by the end of 2017. This coming shift will force many firms to shrink budgets and consolidate services to clients, creating more competition for projects in the near future.

Our Q3 U.S. Construction Outlook explores the current state of the construction industry and expectations for the coming months. Specifically, we take a look at how economic risk, labor shortages and new technologies are impacting both firms and markets. And, we dig into four key sectors: office, industrial, hospitality and retail.


so much for our resident "Experts forecast"..on this sector.....

10 construction industry trends to watch in 2016

 

[OntarioVanMan]

With Donald Trump winning the election, many firms were cautiously optimistic about his construction and development background, his promises to cut regulations and his massive infrastructure proposal. However, experts say the feeling of uncertainty hasn’t disappeared — and likely won’t in the months to come. That fear of the unknown could keep owners from starting or continuing new projects.

"I don’t know if anybody can predict what the new administration will really do," said Gina Vitiello, construction attorney at Chamberlain Hrdlicka. "There’s a sense of uncertainty among contractors. If I’m planning on a major contract and it might not go forward, that’s a little scary."

with uncertainty 2017 could be a stagnant year for building...
10 construction industry trends to watch in 2017