The U.S. construction industry is booming in a big way. Demand is so strong that industry backlogs are on average booked through the remainder of 2018 with expectations that the next six to 12 months will be as good as or better than 2017, according to a new Associated General Contractors of America Management and FMI Corp. Risk Management Study.
Before you cue the confetti, they also point out that “with plenty of business opportunities, large backlogs, and a dwindling workforce, the industry is now facing a complex mix of challenges and opportunities.”