With the first month of 2018 in the books, many construction firms are planning to increase their payrolls by up to 75% for the upcoming year as many contractors are extremely hopeful regarding the current economy. However, there are various other firms that still are worried when it comes to labor shortages and lack of funding. Stephen E. Sandherr, who is the CEO of the Associated General Contractors of America and Sage Construction stated that, “this optimism is likely based on current economic conditions, an increasingly business-friendly regulatory environment and expectations the Trump administration will boost infrastructure investments.
Officials from the association noted that the best thing that Washington can do is to make sure that the federal tax cuts follow through to their full potential as they continue to roll back unnecessary burdens. It looks like if things continue the way that they are, then 2018 will be a strong year for the construction industry!