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The Surety Bond Blog

30
May
2014

Conditions in the Construction Industry Are Improving

According to the recent infographic Construction Industry on the Rise, builders have plenty of reasons to feel optimistic about 2014. 30% of people in construction have positive outlooks for the industry in the coming months.

Construction employment is steadily improving, as many companies have about a quarter of their current staff to-hire positions. Last year, 51% of contractors hired new staff, and 41% of the others are envisioning hiring in the near future. 62% of all construction companies are searching for qualified staff currently.

The areas deemed as most profitable for contractors in 2014 are manufacturing, retail, lodging and warehouse and higher education and hospitals.

Read the full article at Lance Surety Bond Associates.

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