2024 FORECAST: Non-building, Manufacturing to Lead the Way
Looking into the coming year, experts are cautiously optimistic that a stronger construction market lies ahead, particularly in certain markets."As we go into 2024, we’re starting to see economic growth become more consistent and accelerating by
the end of the year," says Richard Branch, chief economist at Dodge Construction Network.
Construction spending climbs again, fueled by commercial investment and public works
Construction spending rose in October for the 10th month in a row, largely because of work on commercial buildings and government-funded public projects. Spending on construction increased 0.6% in October to just over a $2 trillion annual rate, the Commerce Department reported Friday. Economists polled by The Wall Street Journal had forecast a 0.3% increase.
The Blueprint to Becoming a Top-notch Employer in Construction The journey towards becoming a sought-after place to work isn’t easy and it requires conscious decisions and sticking with it. That’s what construction companies like PCL, Hilti, and Shawmut strive to do, and that’s why they’ve been recognized as a Great Place to Work in Construction by Fortune.READ MORE
Why Job Boards Aren't Getting it Done for Most Construction Companies Construction companies face unique challenges when it comes to recruiting talent. According to the Bureau of Labor Statistics, the median age for construction workers is about42 years old. READ MORE
Unsung Aspects of Job Satisfaction in Construction When we think of the construction sector, the immediate images conjured up are of bustling sites, vibrant hard hats, mammoth machinery, and intricate blueprints. But, dig a little deeper, and there’s a world of factors that truly define jobsatisfaction for construction maestros.READ MORE
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