Some sectors see signs of success
July 16, 2012
There is still a lack of sufficient demand for large-scale construction projects, but single-family homes are starting to see a solid turnaround in terms of new projects. As the economy begins to make its way out of the recession, the middle class is re-emerging, calling on the construction industry to build them new homes.
The Washington Post reported that the Commerce Department was showing a 30 percent increase this year on new housing jobs for single families. This means that contractors will probably see a lot of small, individual projects spread in a localized area. There isn't as much of a push for big construction jobs.
There could be an even greater boost in building projects in the near future, though, according to AG Beat. At the beginning of the year, more construction permits were applied for than have yet been used, the Census Bureau recorded, meaning that even more projects have yet to get under way. A combination of increased middle-class demand and confidence within the industry have led to this leap in totals, according to the source.