2020 Construction Economic Forecast
Buoyed by a strong job market, U.S. consumers continue to punch above their lofty weight, and a long-predicted U.S. corporate earnings recession has failed to materialize.
Construction Starts to Slip Back in 2020, According to Dodge Data & Analytics
Dodge outlook report predicts economic slowdown to have broad-based impact on total construction growth.
Connected Construction Equipment Will Bring Changes to the Jobsite of the Future
New insights, apps and services in connected construction equipment promise to improve safety and efficiency, drive profitability and reduce risk.
Millennial Homebuyers Drive Need for Early Childhood Education Construction
As millennials continue to settle down, demand for early childhood education options will increase. A positive market outlook, the potential for strong ROI and flexible site requirements make these assets appealing to real estate developers, builders and consumers.
Construction Uncertainty Arises From International Economic Trends
Persistent cost growth for delivering construction projects is likely to continue to challenge contractors and supply chains across North America in the coming months.
September Construction Unemployment Rates Down in 48 States Year-Over-Year, Says ABC
In September, estimated not seasonally adjusted construction unemployment rates fell nationally and in 48 states and rose in two states on a year-over-year basis, according to an ABC analysis of BLS data.
Focus on Financial Protections Before the Economy Slows Down
The economy will inevitably begin to slow, given historical patterns. It is best practice for contractors to prepare for this eventuality and determine what actions can be taken now to secure the company for continued success.
Cash Flow Problems Stall Growth for More Than Half of Construction Businesses
Proper budgeting, monitoring payment statuses and maintaining awareness of project developments can help prevent problems.
