Across the U.S. construction contractors say they feel optimistic about their industry, a recent survey by the Associated General Contractors of America shows. Since the first survey in 2008, this is the first time that 36% of contractors have expressed such positive attitudes. 32% say that the industry will grow in 2015 as well. The survey covers 11 market segments, among which are office, retail, and industrial.
The most optimistic outlook is for the South. The Northeast is the least optimistic.
In the South, there is a great demand for new retail, warehouse, lodging projects and new offices for the private sector. Contractors there expect higher demand for new hospital and higher education construction as well.
According to the survey, many contractors plan to add new employees throughout the year and to add new equipment. New market opportunities are also sought.
Category: Commercial Bonds