Most construction companies expect demand for their services and hiring to expand in 2020, but even more companies are worried about their ability to find qualified workers to hire, according to a survey by the Associated General Contractors of America and Sage Construction and Real Estate.
“Contractors are very optimistic about demand for construction in 2020,” said Stephen E. Sandherr, the association's chief executive officer. “At the same time, many construction executives are troubled by labor shortages and the impacts those shortages are having on operations, training, and safety programs, and bottom lines.”
Seventy-five percent of contracting firms plan to increase headcount this year, similar to the 77% with this expectation at the start of 2019 and the 75% at the start of 2018. The findings are detailed in Strong Demand for Work Amid Stronger Demand for Workers: The 2020 Construction Hiring and Business Outlook Report.
Even though most companies plan to expand headcount, 81% report they are having a hard time filling salaried and hourly craft positions. That share is up slightly from 78% at the start of 2019.
The percentage of respondents who expect a market segment to expand exceeds the percentage who expect it to contract for all 13 categories of projects included in the survey. For every segment, between 27% and 36% of respondents expect an increase compared to 2019 in the dollar value of projects they compete for.
Related Stories
| Oct 24, 2013
D.C. office buildings going green at twice the national average
In 2011, about 33% of new office buildings in the U.S. were built to green standards, but in the nation’s capital that rate has skyrocketed.
| Oct 18, 2013
AGC considers suit over new hiring goals for vets, disabled
The Associated General Contractors of America and the HR Policy Association are reportedly considering taking legal action over the Labor Department's new hiring goals for veterans and disabled people.
| Oct 18, 2013
Cities may be more capable of driving sustainability than nations, experts say
With countries not tackling climate change aggressively, cities are in the best position to drive increased sustainability.
| Oct 8, 2013
Kansas City board OKs $1.6 billion TIF for $4.3 billion redevelopment project
Kansas City’s Tax Increment Financing Commission voted unanimously to forward the Bannister & I-435 TIF Plan to the Kansas City Council for approval.
| Oct 8, 2013
New Orleans advances $1 billion construction plan including new airport terminal
New Orleans plans to invest $1.1 billion in construction projects over the next five years.
| Oct 8, 2013
Report on large New York City buildings shows progress on energy efficiency
Buildings in New York City have been found to have a median score of 67 out of 100 in Energy Star's Portfolio Manager, an increase from 64 last year, and above the national average of 50, according to a study prepared by the Natural Resources Defense Council for the office of Mayor Michael Bloomberg.
| Oct 8, 2013
ConsensusDocs offers online prequalification management application to boost industry efficiency
In collaboration with ConsensusDocs, iSqFt has launched a new online platform designed to make the prequalification process for contractors and subcontractors seeking new work more efficient.
| Oct 8, 2013
Government shutdown closes E-Verify, could hamper construction hiring
E-Verify, the online federal program used to check the immigration status of prospective hires, has been closed due to the federal government shutdown.
| Oct 3, 2013
Florida contractors worry that regulations will hamper their ability to hire
Regulations such as the E-Verify rule and the Affordable Care Act could hinder contractors from hiring additional workers, according to some Florida contractors.
| Oct 3, 2013
Fall protection violations top OSHA citations list
Violations of fall-protection standards in fiscal 2013 are again the most frequent source of citations from the Occupational Safety and Health Administration, according to its top 10 list.