2018 Shaping Up to Be a Huge Year for Construction Industry

Increases in construction jobs, spending and contractor optimism combine to create great expectations for a 2018 construction boom

Crane Construction Site

Signs are pointing to 2018 being a huge year for the construction industry after a positive end to 2017. Increases in construction hiring, spending and contractor optimism are leading the way.

For 2017, construction added 210,000 jobs, a 35% increase over 2016. Construction spending was up 2.4% annually in November with all sectors except government construction spending showing increases. Contractors also reported optimism for the upcoming year despite the labor shortage.

(more on the outlook for construction in 2018...)