The commercial construction industry is an industry that is affected by all sorts of changes happening in the economy. The industry is affected by changes in the economy, political decisions, and even weather. The commercial construction industry was the main issue behind the 2007-2008 economic recession in America that saw millions of people lose their investments and jobs. From homebuyer preferences to workforce concerns and new technological trends, here is a list of the trends that are expected to affect the commercial construction industry in the year 2017. The opinion is by experienced experts who have watched the industry for a long period.
The commercial construction industry will continue to feel the effects of shortage of skilled workers. This has been the case since the 2007-2007 recession that saw workers in the industry change jobs or some being laid off. The talent gap within the commercial construction industry will require several years to be filled. The main problem with labor concern in the construction industry is that it has failed to attract younger workers and technologically savvy workforce. With the new administration implementing measures to curb immigration, labor shortages are expected to rise. Labor shortages are resulting in increased costs on the part of commercial construction companies who should provide high wages to entice lamented workers. This shortage is expected to influence the construction schedules.
Prefabricated Construction to become more popular
Like the preceding years of 2015 and 2016 that saw permanent modular construction gain some popularity, the same is expected to continue in the commercial construction industry in the year 2017. This will be fueled by some of the high-profile projects that have been completed in the last few years. This has also been driven by the notion that prefabricated construction is just the same as onsite construction. Commercial contractors in Houston are also opening to the idea of modular construction as projects can be completed in a shorter period of time that before. Moreover, the projects are also costing them less money. Some of the projects that have used the modular construction approach in the last two years include 142-room AC Hotel in Oklahoma City and 461 Dean in New York City. With this type of construction popular among office building, hospital and schools, it’s likely to dominate commercial construction industry in 2017.
Green Building to Dominate the Commercial Construction Industry
The commercial construction industry has been on the forefront in implementing the green technology in developing environmentally friendly structures, and this is expected to grow in 2017. This is being driven by lifecycle cost savings, high quality results as well as customer demands. This, on the other hand, will lead to a demand for LEED certification.
Other issues that are expected to be on the rise is criminal indictments and accidents on the job site. The government crackdown on various issues affecting a job site such as corruption, violation of worker safety issues is expected to be on the rise in the year 2017. OSHA is also expected to increase its fines for violators.