Incorporating the latest forms of technology into your construction business may get pricey. New construction products are a less expensive way to ease your way into the future.
In 2015, homebuilders saw a staggering increase in sales, which made it one of the busiest years since the recession began in 2006. According to a report in the Wall Street Journal, U.S. residential construction spending in August 2015 topped $36 billion, the highest monthly total since October 2007. Yet, this boom came with a downside. There were 676,500 fewer skilled laborers available nationwide to handle the work compared to the number of workers in 2007 – a shortage of epic proportions. This caused longer lead times and higher prices on construction jobs, which can scare off potential clients.
The construction industry is booming and experts expect growth to continue. The Bureau of Labor Statistics and a report from Timetric’s Construction Intelligence Center (CIC), project the construction industry to be one of the fastest growing industries into 2020.
During World War II, Rosie the Riveter represented the fierce women working in the trades. Today that same spirit is reinvigorating the construction industry as women are becoming the new faces beneath the construction industry’s hardhats.