The near-term residential and commercial construction markets should continue to grow. In the report, ELFF highlighted the industry's record spending in 2017 and predicted a 5% industry growth in 2018. More attention to issues of resiliency, driven by the destructive 2017 hurricane season and other natural disasters; the persistent labor shortage, which has threatened productivity and has sent contractors on a search for skilled workers; increased offsite construction; the role of automation and technology in the areas of productivity and safety; the use of building information modeling; what inroads artificial intelligence and big data will make; and the new policy regulations that will impact contractors. For more information on how to strategically plan your business for growth, give us a call.
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