Construction Trends for 2016
Our colleagues at Construction Dive recently reported on the 10 Construction industry trends to watch in 2016. They reference a Dodge Analytics 2016 report that “predicted 6% growth, with the value of construction starts reaching an estimated $712 billion.” That is great news for the industry for 2016.
The Construction Industry usually gets a late start in the economic recovery and fortunately it has a “long tail” since it is hard to stop construction once the building has begun. We have a hunch that we are entering the long tail in commercial construction as many of the indicators show a slow down in the front or design end of the business.
Construction Dive offers up the major trends to watch for 2016. Top on the list is a continued labor shortage of skilled workers. This has been widely reported and is the result of workers leaving the industry in the 2009 recession, retirements and a high demand in the industrial sector. [node:read-more:link]