Seventy-one percent of construction firms plan to expand their payrolls in 2016 as contractors expect a range of public and private markets to grow, according to survey results released today by the Associated General Contractors of America and Sage Construction and Real Estate. The survey, conducted as part of The Challenges Facing a Growing Industry: The 2016 Construction Industry Hiring and Business Outlook, indicates that contractors foresee a positive year despite tight labor conditions, regulatory burdens and IT security challenges.
鈥淭he construction industry will continue to recover in 2016 as many firms add to their headcount amid growing demand in a range of private and public sector markets,鈥 said Stephen E. Sandherr, the association's chief executive officer. 鈥淭he industry also faces a number of challenges that have the potential to dampen, and possibly even undermine, the sector鈥檚 recovery.鈥
Listen to the recording of the call .
Materials:
Regional Results:
State-Specific Results:
- Alabama
- Alaska
- Arizona
- California
- Colorado
- Florida
- Georgia
- Illinois
- Iowa
- Kansas
- Louisiana
- Massachusetts
- Michigan
- Minnesota
- Missouri
- Nebraska
- Nevada
- New Jersey
- New York
- North Carolina
- Ohio
- Oklahoma
- Oregon
- Pennsylvania
- Tennessee
- Texas
- Utah
- Virginia
- Washington
- Wisconsin