This morning I ran into a great article that was written by Amanda Jones Hoyle, Staff Writer, of the Triangle Business Journal. The article is based on a report released by FMI Capital Advisors located in Raleigh which is an investment banking firm that specifically looks at engineering and construction companies. The report covers some very favorable data points for the construction industry over the next 5 years. To read the full article check it out by clicking here.
Interestingly enough the weakest growth opportunities are tied to projects that require government spending. Conservation and development, street and highways are examples of the projects that use government spending. All the other markets show potential for growth. The question is are you looking at those opportunities and preparing yourself for when those fall in your lap?