In a press release issued in early January by The Keystone Contractors Association (KCA), KCA announced its results of its 2017 Construction Forecast for Pennsylvania.
The results of the 2017 KCA Construction Forecast indicate that most of the commercial construction industry expect this year to be better than last year. The following are a few key takeaways from the 2017 KCA Construction Forecast:
- 71% of construction companies believe that 2017 will better than last year.
- Of the companies with an optimistic outlook this year, 6% think that their company will experience a drastic growth in 2017, while 65% of construction companies believe they will have a modest growth this year.
- On the flipside, 9% of construction companies expect a drop in business in 2017.
- 20% of the state’s construction industry expect to maintain the same level of business this year.
- In the area of jobs in 2017, 48% of construction companies expect to increase the number of workers in the field; 38% expect to expand its professional office staff; and 19% expect to maintain the same employment levels as 2016. On the negative side, 10% of construction companies expect to decrease employees this year.
This survey was distributed to the entire membership of the KCA, along with other construction companies, to ensure that each area of the state and market sector are represented.
“Due to the KCA’s geography, covering almost the entire state of Pennsylvania and considering our relationships in this industry cover the remainder of the state, I think this annual survey is the most comprehensive commercial construction industry forecast for the entire state of Pennsylvania. The respondents from the survey are the CEOs from construction companies – individuals that have the big picture vision of where a company is going in the future,” said Jon O’Brien, executive director, KCA.
The Keystone Contractors Association represents the leading commercial construction companies in Pennsylvania and KCA provides valuable member services such as education & training, safety, community service, career development, and government relations.