It has been a long time coming, but the construction recovery seems to be almost here. The housing market has been keeping up construction growth, which is rebounding from record lows, but now many of the non-residential building markets are starting to turn the corner, making for many optimistic forecasts for 2014. The remaining drag on construction growth for next year is the public sector, which continues to be squeezed by the battle over the federal deficit.Some economists, however, see a silver lining even there. "The recession pushed millions of
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.