Forbes: Construction is the Driving Force Behind the U.S. Economy
Construction is a driving force behind the U.S. economy, contributing 4% to the GDP. As a leading indicator, the construction industry can offer valuable insights into the economic landscape, helping market observers anticipate trends and forecast future economic activity. Often one of the first signs of an economic downshift is when capital markets and construction investments dry up and existing projects are completed before the slowdown in new projects becomes noticeable.
Commercial, Institutional Projects Boost Construction Backlog
Contractors are signaling that demand for their services will continue to expand despite high interest rates and regional bank failures, said Anirban Basu, ABC chief economist. Basu maintained there are surprises in the data despite the overall gain in backlog. For example, backlog dropped in both the infrastructure and heavy industrial categories. That’s possibly because the current administration is striving to reserve many large-scale projects for unionized firms, said Basu.
The Green Game-Changer: Why Sustainable Construction is a Win-Win In today’s competitive job market, possessing specialized knowledge in green construction can be a significant advantage for job seekers. As the construction industry steadily pivots towards sustainability, companies are actively seeking professionals who are well-versed in eco-friendly practices and innovative green technologies. READ MORE
Rewards of Working in the Construction Industry Ever dreamed about literally shaping the world around you? Fancy the idea of leaving your mark on the town you work in or turning a blueprint into a bustling hub of life? If the thought of creating something tangible, impactful, and long-lasting sounds like a dream come true, then hey, construction could be your perfect fit!READ MORE
Strategies for Engaging Exceptional Project Engineers: Creating a Healthy Work-Life Balance Project engineers are constantly juggling intricate technical tasks, comprehensive project management, and multifaceted team coordination. Amid the intricacies of their roles, a work-life balance emerges as more than just a fringe benefit – it becomes an essential lifeline for sustaining peak performance, fostering innovation, and ensuring job satisfaction. READ MORE
Since 1967, The Birmingham Group has been considered one of the nations most respected Construction Executive Search and Consulting Firms. Our team of experienced search consultants can strategically work with your organization, from the hire of a key project manager, the planning and execution of building an entire team to create a new business unit, to the placement of your next CEO.
