I'm the Director of Sales for ModSpace in the Midwest Region of the United States. I am based out of Chicago and I lead a team of experienced sales professionals that bring extensive knowledge and commitment to every project. Together we deliver innovative space solutions to the clients we serve.
Construction added 18,000 jobs last month, driving industry unemployment down to 14.7 percent according to the recently released Jobs Report. It was the 10th consecutive month of increases in construction jobs, and a three-year national high.
Analysts for the Associated General Contractors of America maintain a tempered optimism however, as strong growth in the residential and non-residential sectors is contrasted by flat or falling trends in public works construction. Officials noted that, for policy makers to benefit, they must focus on improving infrastructure for the entire construction industry.
An infographic in the February 2013 edition of the Architectural Record suggests that renovation projects in the non-residential sector will jump 8 percent to $42 billion this year.
The report, which is based on data from McGraw-Hill, further suggests that New York City led the nation in 2012 with $6.12 billion in renovation starts. Perhaps the surge of new work already underway in NYC is the reason why the same report also named the Northeast as the only region that will not experience an increase in renovation starts this year.
Other top cities for renovation starts in 2012 were Chicago, Washington, D.C., Los Angeles and Boston. That focus is expected to shift in 2013, with the Southeast leading the way for new renovation projects.
Respondents believe most of the growth will be in the private sector, with significant jumps in construction projects for healthcare and education. Thirty-six percent of respondents believe that there was money to be made in 2013, while 39 percent of firms expect the market to remain at the same level as 2012. At the same time, 18 percent of contractors expect fewer Continue reading →