CHICAGO, Ill. – Growing materials costs and dwindling talent pools coupled with looming political and economic uncertainty are leaving construction leaders grappling with serious challenges. But where there is greater challenge comes greater opportunity. According to JLL’s latest report on United States construction activity. there is stability ahead with indicators showing a growing backlog of contractor work and seasonal construction spending up 5.7 percent year-over-year. But that’s not all. A closer look at the construction industry’s biggest challenges reveals some unexpected opportunities amidst the adversity. Challenge or opportunity? You decide. The seemingly interminable labor shortage. Construction unemployment continues to reach … Read more
Hidden Opportunities Merge from Construction Industry Challenges
Filed under: Economic NewsTagged with: construction activity, industry challenges