Market Forces Reshape The Construction Industry

In 2011, the construction industry was still reeling from the Great Recession. Technically, the economy had hit bottom a couple years prior and was recovering. However, it didn’t feel like that. Improvement was slow. Construction was down as companies delayed new builds and focused on smaller expansions and renovations. Budgets were slashed and capital money was reallocated to meet other needs. It was a buyer’s market. But buyers were waiting for better days to arrive.
 
Well, better days are here. The economy is growing, companies are expanding, and capital spending is on the rise. And that has ...

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