Optimism returns: The 2014 construction hiring and business outlook

Date: 24 January 2014
Source: www.agcmass.org

Date: 24 January 2014

Contractors are more optimistic about the outlook for 2014 than they have been since the commercial construction market experienced a significant downturn roughly seven years ago.

Many firms plan to hire again in 2014, while few plan to start making layoffs.  

Meanwhile, most contractors predict demand will either grow or remain stable in virtually every market segment covered by this report. Nearly three-quarters expect to purchase new equipment this year and 86 percent expect to lease new equipment. And for the first time since this association began conducting its annual outlook survey in 2008, a plurality of contractors – 36 percent – expect the construction market to grow again this year while an additional 32 percent expect it will grow in the current year.

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