Where is the work?


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This Infographic summarizes the construction industry’s 2014 growth forecast, hot sectors, and new job opportunities. It includes predictions by top construction industry analysts.

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Where is the work?

  1. 1. What’s hot and what’s not According to the Sage 2014 Construction IT Survey, getting new customers is the number-one issue currently facing contractors. That’s not surprising in an industry that’s seen more than its fair share of downs since 2008. The good news: there are plenty of hot sectors with new job opportunities for 2014. “Many contractors will find more projects to bid on in 2014 than they have in the past five years.” Ken Simonson, chief economist, AGC of America “Even slow growth ultimately unlocks construction opportunities.” Anirban Basu, chief economist, Associated Builders and Contractors, Inc. “We see 2014 as another year of measured expansion for the construction industry.” Robert Murray, vice president of economic affairs, McGraw Hill Construction Public construction (cold) Analysts expect limited growth in public construction due to uncertainty surrounding federal government spending. of contractors predict that government contracts will still demand the most construction work for their company.* Expanding territory (warm) More companies are moving outside of their geographic region to get work.* currently work elsewhere compared to 32% in 2013. plan to seekwork outside their geographic region for the first time in 2014. Work in the “shale gale” (hot) AGC’s Ken Simonson predicts construction growth in areas surrounding major shale drilling—both at well sites and in communities and industries supporting the sites. Regions include: CO, KS, LA, MT, ND, NE, NM, NY, OH, PA, TX, WV, WY What’s hot Hotels Commercial buildings Manufacturing What’s not Schools Communication facilities Churches Amusement/recreation buildings ?Where’s the work 25% 40% 5% Analysts predict: Housing starts: 55% of contractors believe the commercial sectorwill demand the most construction work in 2014.* Housing outlook NAHB predicts that the housing sectorwill strengthen in 2014. Sector forecast (nonresidential) Overall industry growth forecast Slow but steady Construction starts (Robert Murray, McGraw Hill) (Ken Simonson, AGC) (J. Randall Giggard, FMI) Spending Construction put in place 9% 10% 7% Sources: *Sage Construction IT Survey 2014 “For Now, 2014 Looks Fortunate to Many,” AGC News, Jan. 7, 2014 Construction Materials Outlook, Ken Simonson, chief economist, AGC of America. Download the pdf McGraw Hill Construction, Robert Murray, vice president of economic affairs. Learn more NAHB, David Crowe, chief economist. Learn more Read the article FMI, J. Randall Giggard, manager of market information group, FMI report. Download the report ©2014 Sage Software,Inc.All rightsreserved.Sage, theSagelogos,andtheSageproductandservicenamesmentionedhereinareregisteredtrademarksor trademarksofSage Software, Inc., oritsaffiliated entities.All othertrademarks are the propertyoftheirrespective owners. SPK 14-13-03599 03/14 single family multifamily 30% 55% 10%