While the multifamily residential market continued to drive contractors’ revenue throughout the Southeast region in 2016, that sector should be tapering off. At the same time, Southeast contractors say, other project sectors are rising up to fill the gap—preventing any potential lull in workload.
“Over the past year, the pace of activity in the Southeastern U.S. construction market has been stable,” says Rick Goldman, district manager for PCL’s Southeast buildings operation. “There is a great deal of work, consistent with last year in regards to the market and size of projects. There are no significant slowdowns of specific project types, but hospitality projects are rapidly picking up.”