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Seventy-Three Percent of Firms Plan to Expand Headcount in 2017

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Seventy-three percent of construction firms plan to expand their payrolls in 2017 as contractors expect private and public sector demand to grow in all market segments, according to survey results released recently by AGC of America and Sage Construction and Real Estate. Despite the general optimism outlined in Expecting a Post-Election Bump: The 2017 Construction Industry Hiring and Business Outlookmany firms report they remain worried about the availability of qualified workers and rising health and regulatory costs.

While overall economic conditions indicate 2017 should continue to be positive for the construction industry, association officials added that it appears the Outlook responses are based as much in high expectations for the incoming administration and the President-elect’s commitment to investing in infrastructure, improving federal health care laws and reducing regulatory burdens.

The association has crafted two plans to help guide the administration and Congress and ensure they act quickly to deliver on their election pledges. The first plan is the association’s Agenda to Rebuild Infrastructure and the Construction Workforce, which outlines a series of steps federal officials should take to finance and fund new infrastructure investments and accelerate federal reviews. The second plan identifies regulations and executive orders that new administration should cancel, improve or reconsider.

The Outlook was based on survey results from nearly 1,300 construction firms from 49 states and the District of Columbia. Varying numbers responded to each question. Contractors of every size answered over 30 questions about their hiring, workforce, business and information technology plans. Click here for Expecting a Post-Election Bump: The 2017 Construction Hiring and Business Outlook report. Click here for the survey results.
 

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