The nation’s residential, commercial and industrial construction markets can expect a major uplift, both in the immediate and longer-term future, according to the Portland Cement Association
On the verge of 2013’s second half, the previously moribund commercial/industrial construction sector, which was hit hard during the Great Recession, is displaying increasing signs of recovery.
With the early 2013 economy trending little better than last year’s state of suspended animation, the American consumer, comprising close to 70% of the nation’s $15.6 trillion gross domestic product, has maintained a sense of justifiable caution.
This year appears on track for a significant mix of industrial construction projects, according to Industrial Info Re-sources, an informational news source that tracks the progress of major construction on a daily basis.
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Nonfarm payroll employment increased by 157,000, seasonally adjusted, in January and 2,016,000 (1.5%) since January 2012, the Bureau of Labor Statistics reported Feb. 1.
The National Labor Relations Board issued a long-awaited decision on whether it is lawful to secure labor agreements with owner/developers so that large construction projects would be built solely with union labor.
