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Construction industry growing in 2018

A report from the Equipment Leasing and Finance Foundation predicts a 5 percent construction industry growth in 2018, according to www.constructiondive.com.

The industry had record spending in 2017, and the future looks bright for contractors in commercial and residential construction.

The report highlights construction industry trends for the rest of 2018 with potential impact, including more attention to issues of resiliency, driven by the destructive 2017 hurricane season and other natural disasters; persistent labor shortage, which threatens productivity; increased offsite construction; the role of automation and technology in the areas of productivity and safety; the use of building information modeling; what inroads artificial intelligence will make; and the new policy regulations that will affect contractors.

Two policies highlighted are the corporate tax rate and President Trump's tariffs on steel and aluminum.


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