The stimulus is putting construction workers on the jobsite in significant numbers, according to a White House study. The flow of federal economic-stimulus funds has produced or saved about 1 million jobs, including an estimated 133,000 in the construction industry, the White House Council of Economic Advisers says in a report on the impact of the American Recovery and Reinvestment Act. The figures are estimates, CEA notes, and are not an actual count of jobs reported by state agencies or companies that have received the stimulus funds. Related Links: Stimulus Project Report: Job Rollout is Uneven Construction Jobs Trickle Back
The market is generally healthy and steadily growing, and margins are up for large specialty contractors. Further, advances in design tools and owner demand for collaboration are giving subcontractors a seat at the table early on in projects.