Q2 2013 U.S. Construction Perspective: It’s a residential story…again.

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U.SWhile the overall US economy is still struggling to maintain growth, the sector that was at the root of the recession has managed to gain solid traction. The recovery in housing will positively impact the industry in terms of job opportunities and activity, as well as increase demand for materials, and longer term, will generate more jobs. 2013 will likely be the year the construction industry shows the most rapid growth since the recession.

What does this mean for the construction industry? The rebound in single-family
housing is coming at an advantageous time with the pullbacks in public construction
and federal spending on construction, as well as looming uncertainty in regards to the
healthcare industry and related construction activity. The recovery in housing will
positively impact the industry in terms of job opportunities and activity, as well as
increase demand for more materials, longer term generating more jobs. Shorter term,
however, risks include supply shortages and labor shortages, pushing up prices just
as the industry is finding its footing. As long as there is strategy in place to contend
with these obstacles, 2013 will likely be the year the construction industry shows the
most rapid growth since the recession.

Read Q2 2013 Construction Perspective

Tweet this: #JLL says 2013 will likely be the year the #construction industry shows the most rapid growth since the #recessionhttp://bit.ly/12LUcYJ

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