U.S. commercial construction firms expect growth in 2013
Friday, February 15, 2013 Construction
The U.S. commercial construction equipment industry is significantly impacted by new projects, and sector analysts are predicting substantial growth this year. According to the San Antonio Business Journal, industry experts are estimating 3 percent growth in construction equipment retail sales in 2013, which could create new opportunities for professionals in this segment.
In fact, Jim Kelly, general manager of GE Capital's Vendor Finance business, noted that industry specialists could enjoy increased profits over the next few years.
"It appears that retail construction is picking up, which should lead to increased commercial construction later this year or early in 2014," Kelly told the news source.
Syntheon, a company that specializes in high-efficiency building products, found that more contractors are relying on its supplies to develop state-of-the-art commercial properties. The Pittsburgh Post-Gazette reports that Syntheon's owners are focused on producing eco-friendly items for builders because these materials could provide long-term value to the commercial construction industry.
Contracting firms can access a wide range of technologies to complete projects, but these employers will need skilled professionals to provide assistance. By increasing their staffs, commercial building companies can offer various services to support clients across the country and bolster their operations.
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