Business Trends

Construction Employment Outlook to Improve in 2013, by Associated General Contractors of America and Computer Guidance Corporation

File Type: Free Content, Article
Release Date: January 2013
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Construction employees looking at plans

Significantly more construction firms are planning to increase staff in 2013 according to the Associated General Contractors of America and Computer Guidance Corporation survey, Tentative Signs of a Recovery: The 2013 Construction Industry Hiring and Business Outlook. 

Contractors appear increasingly optimistic that demand for certain private sector projects will expand in 2013. Firms are most encouraged about the outlook for hospital and higher education construction, with 36 percent of respondents predicting the amount of money spent on those projects to increase in 2013, while 39 percent expect the market will remain stable compared to 2012.

Other trends noted:

  • Firms are more likely to lease equipment than purchase it
  • Contractors continue to be squeezed by rising healthcare costs
  • Contractors are planning to pass on materials price increases
  • Building Information Modeling (BIM) and Public Private Partnerships (PPPs) are here to stay
  • Sustainable construction is no longer red hot
  • Most firms plan to make significant IT investments in 2013