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4 天之前 · CONTRACTOR provides news, insights, and how-to content to professionals responsible for plumbing, heating, specialty piping and fire protection systems.
CONTRACTOR’s 2024 Economic Forecast
2024年1月2日 · As we close out 2023, most of the major economic indicators look positive, with some surprisingly good. One key leading indicator, architectural billings, predicts a solid 2024 for the construction market, with a slower rate of growth than 2023.
Industry Econ Forecast 2025 - Contractor
2024年12月30日 · Which way is the construction market heading in the coming year, and what are the chief economic factors that might affect mechanical contractors? As we head into 2025, it is with a greater sense of confidence than at the start of 2024. Inflation seems under control, and interest rates are in ...
Construction Firms Predict Strong Demand For Certain Private …
2025年1月14日 · Construction contractors are optimistic about certain private-sector segments and have high hopes for most types of public-sector work, according to survey results the Associated General Contractors of America and Sage released. Yet contractors have very low expectations for several private-sector market segments, remain concerned about labor shortages and are worried materials prices will ...
Adopting New Technology in Contracting Industries | Contractor
2024年11月18日 · Innovations for Optimiziation. In recent years, there have been so many new products hitting the market that help elevate contract work, many of which are powered by some of these advanced technologies: Artificial Intelligence (AI) – AI-powered technologies drive automation across various trades, streamlining operations, …
ABC: Construction Industry Must Attract 439,000 Workers in 2025
3 天之前 · “While the construction workforce has become younger and more plentiful in recent years, the industry still must attract 439,000 new workers in 2025 to balance supply and demand,” said ABC Chief Economist Anirban Basu.. “If it fails to do so, industrywide labor cost escalation will accelerate, exacerbating already high construction costs …
ABC: 2024 Construction Workforce Shortage Tops Half a Million
2024年1月31日 · About the Model. ABC’s model uses the historical relationship between inflation-adjusted construction spending growth, sourced from the US Census Bureau’s Value of Construction Put in Place Survey, and payroll construction employment, sourced from the US Bureau of Labor Statistics, to convert anticipated increases in construction outlays into demand for construction labor at a rate of ...
What’s Going On with Modular Construction? | Contractor
2024年3月11日 · The Modular Building Institute’s (MBI) 2023 Permanent Modular Construction Report notes that the modular industry “topped $12 billion in North America in 2022, accounting for 6.03% of all new construction starts.” This market percentage is nearly triple what it was in 2015. Also, this is the third consecutive year that the multifamily market topped the industry: 21% in 2020, 24% in 2021 ...
2023: The Year of Growth and Technology in Construction
2023年3月7日 · Skilled Labor in 2023. The Association of Builders and Contractors (ABC) estimates that construction will need to hire 590,000 additional workers on top of the normal hiring pace in 2023 in order to keep up with demand.. Unfortunately, the hard truth is that young people aren’t as attracted to the construction industry.
Code & Regulation Roundup | Contractor
ASSE/IAPMO/ANSI 12080 outlines the minimum qualifications needed to become a member of a water safety team involved in the development of a risk assessment analysis, and water management and sampling plan, for protection from Legionella and other waterborne pathogens.