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.