2019 Construction Industry Data and Trends
Understanding the annual forecast and projected trends in the construction industry is a vital part of the strategic planning process. Keeping informed of things like policy changes, tariffs, and employment projections can help businesses plan ahead and improve profit margins throughout the year. At The L.E. Smith Company, President Mari Ivan keeps a close watch on trends and industry forecasting. A few of the most notable outlooks for 2019 are summarized below. Forecast for 2019 is cautiously optimistic Although material costs and labor shortages will create some challenges in 2019, overall construction starts are expected to increase by approximately +3%.…
Read More