Friday, August 30, 2013

Positive Forecast for Non-Residential Construction

Good news for commercial builders! The latest Fitch Ratings report sees an increase for the non-residential construction sector beginning this year and accelerating through the end of 2014. Non-residential construction is expected to increase by 2% this year and will increase by 5% in 2014. Public construction spending remains stable this year and is expected to rise by 3% in 2014. Builders Site Protection is thrilled to hear that our commercial customers should expect a boost in business within the coming year.

Friday, August 9, 2013

Construction Employment on the Rise in 37 States

According to the latest analysis of the Associated General Contractors (AGC), the construction industry continues to see steady recovery from the economic downturn. Between July 2012 and July 2013, construction employment increased in 37 states, with the most growth in Texas. Chief economist of the AGC Ken Simonson notes that the report, "shows the fragile and fragmentary nature of the industry's recovery" because while employment overall has improved, only two states have surpassed their pre-recession peaks.