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Building Slump Is Ending In 2014 It Seems
As 2014 is getting off to a heated start, it seems that most commercial real estate agents are seeing an increase in new construction from around the United States. Giddyness is being shown around the country as most individuals are predicting another rise in construction demand for the non-residential markets. With that being said though, there are still some worries as there is a growing worker shortage, rising material and business costs and of course new regulations/ ending of federal budget cuts.
Even with all of the potential negative, most construction companies and contractors are quite ecstatic at the possibilities that the new year will bring as we see an increase in production for the first real time since the Great Recession 5 years prior. "Contractors are more optimistic about 2014 than they have been in a long time, and should be a better year for the construction industry than any year since 2009," said AGC Chief Executive Stephen E. Sandherr.
In the survey that was taken by 800 commercial real estate firms, 40% expect to expand in 2014 compared to 2013 and less than 20% are forseeing a decline in overall construction and development. The difference between those who believe ... more

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