6 Ways To Improve Productivity In Construction Using Technology
- Improving Productivity, TECHNOLOGY
- November 28, 2023
Softness in construction spending predicted for 2025 & 2026 After increasing by almost 20% in 2023 and another 6% last year, construction spending for nonresidential buildings—commercial, industrial, and institutional facilities—is projected to slow dramatically this year and next. Panelists participating in The American Institute of Architects’ Consensus Construction Forecast are expecting gains of only 2.2%
READ MOREASA Supports Immigration Reform Including Expansion of the H2B Program and More… Three-fourths of the construction industry consists of subcontractors, and ASA members will need 723,00 workers annually to meet demand. Factors driving this include natural disaster recovery, increased data center needs, likely raising labor costs. In the past year, average hourly earnings have increased
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