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Commercial Construction Trends

11, Jul

Commercial Construction Trends

Contractors and those looking to hire them for their next construction project are probably feeling much more optimistic than they were a year ago. That being said, there are some current trends the pandemic has left us with of which we should take note.

Indicators like an uptick in future construction spending evidenced by increases in architecture billings are encouraging for the commercial construction industry. Recent growth seems to show strong evidence of a big year in new project construction.

2020 was an incredibly disruptive year in many ways and there are some permanent changes due to that disruption. However, news of growth coupled with recent legislation that further addresses some of the issues caused by the pandemic appears to be curtailing further impediments to new work.

The Need for Labor Demonstrates High Demand for New Construction

According to a recent report issued by the U.S. Bureau of Labor Statistics, construction companies will need to hire nearly half a million more laborers this year than in 2020. This is great news for everyone involved.

Higher wages for workers can mean higher quality work being done on current projects. The pool of skilled laborers continues to increase to meet this increased demand. From paving services to grading and even demolition needs, trusted contractors are stepping up to meet these surging requests.

The additional work is leading to growth in employment across the industry and will benefit all parties involved in commercial construction from the daily worker to the client and everyone in between. We are clearly on the road to recovery with a host of productivity-enhancing construction models and strategies.

Clients, Principals, and Owners who Get in Early will Benefit from the Coming Boom

All of these trends and more add up to now being the right time to begin that project you may have put off waiting for the industry to stabilize. As we continue to see more and more light at the end of the tunnel, take advantage of the current climate by contacting a professional and licensed commercial construction builder like Price Construction, Inc.

Call Price Construction at 864-578-1008 to get in on these trends early and avoid potentially higher building material or labor costs later. Use our online contact form to request more information on how Price Construction, Inc. can provide the highest quality construction available for your next project today.

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