2018 is already underway, and its setting itself up to be a year of advancement and change for the construction industry. While there is no crystal ball we can use to guarantee the future, there are a few trends in the industry that we feel confident will unfold this year.
Conducted in September 2017, the Construction Industry Technology Trends Report is based on a survey completed by 158 construction industry professionals from small and medium-sized businesses SMB in North America. The bulk of respondents came from the United States and 97 percent from companies with fewer than 500 employees.
Overall construction costs are forecasted for ongoing increase in 2018 in the 2-3% range, led by 3-4% higher construction labor costs. Canadian construction will likely grow 4% in 2018, after a 1% decline in 2017. Growth in 2018 will be fueled by a rebound in non-building construction.
The US construction industry's growth prospects by market, project type and type of construction activity Analysis of equipment, material and service costs across each project type within US Critical insight into the impact of industry trends and issues, and the risks and opportunities they present to participants in the US construction industry
Construction industry news, trends and jobs for building professionals who want mobile-friendly content. After a robust 2017, construction companies are expecting more of the same this year.
The US construction industry has been in an expansionary phase since early 2011, having suffered greatly over the preceding three years. According to the US Census Bureau and Department of Commerce, construction output value increased from US$857 in 2012 to US$898.4 in 2013.
NEW YORK, June 3, 2014 /PRNewswire/ -- Reportlinker.com announces that a new market research report is available in its catalogue: Construction in the US Key Trends and Opportunities to 2018
The study predicted that by 2018, green construction would account for more than 3.3 million jobs in the United States, and generate $190.3 billion in labor earnings. The green construction industry was also projected to reach $303.5 billion over that same time frame.
The construction industry has been growing at a steady pace since 2011. According to PRNewswire, the global construction industry is projected to grow from US$7.4 trillion in 2010 to US$10.3 trillion in 2020 when measured at constant US prices .
As a result, the AIA Consensus Construction Forecast panel is predicting slower growth for the construction industry for the remainder of 2017 and through 2018. Overall spending for nonresidential buildings in 2017 is projected at just under 4 percent, compared to the 5.6 percent forecast at the end of 2016.
Aug 30, 2018 8 Technology Trends for the US Commercial Construction Industry in 2018 And the Statistics to Support Them Aug 30, 2018 July 2018 Jul 7, 2018 These are our 20 favorite renderings from May and June Jul 7, 2018
In 2017, we saw construction spending hit an all-time high in November and the industry is expected to carry that momentum into 2018. Here are the top 5 commercial construction trends worth keeping an eye on in 2018:
While it's true trends come and go, it's time to take some recent trends more seriously. It's not always about technology that continually improves the construction industry. Other trends fall in line with labor issues, spending, and hiring. You'll also want to look at what's ahead in the world of construction sales and profits.
Construction is the second-least digitized sector in the economy. Investing in digitization could add $1.6 trillion to the construction industry, annually. Many entrepreneurs and innovative tech start-ups are taking advantage of this opportunity.. These are the top construction technology trends of 2018 to keep an eye on. The Top 5 Construction
Here are 10 construction industry trends in 2018 that will carry into 2019. Technology Advancements and Integration . The construction industry has been notoriously slow to jump into technology; however, this is a construction industry trend that isnt going away.
Construction in the US Key Trends and Opportunities to 2018 Understand the latest industry and market trends The US construction industry has been in an expansionary phase
Builders and contractors want to keep up with the latest construction industry trends so that they can stay ahead of the competition. Here are a few trends that could affect how you conduct business in 2018.
2018 Construction Industry Economic Outlook Posted on November 30, 2017 November 30, 2017 by Kendall Jones As we head into the final month of 2017, were going to take a look at how the construction industry has fared this year and what we can expect for 2018.