Industry Outlook 2019-2020: Construction

Construction leaders interviewed for this report anticipated revenue growth of 10 – 25 percent, which compares more conservatively to estimates in 2018. They indicated that fees are also up by 3 – 4 percent. Construction backlogs remain high and hover around nine months, with Phoenix cited as a high-growth area nationally for construction. Backlogs in[ … ]

Arizona’s June Unemployment Numbers Show Growth In Construction

Arizona’s Office of Economic Opportunity released the seasonally adjusted June unemployment rate at 4.7 percent. The rate remains unchanged from May and compares to the national jobless rate of 4.0 percent. Spokesman Doug Walls said construction employment has recovered 37 percent since the recession hit and housing bubble burst.

Is A Perfect Storm Headed for Arizona’s Booming Real Estate Industry

Phoenix-area home buyers know all too well that a hot housing market isn’t guaranteed to be a permanent fixture. While job numbers and housing starts are currently skyrocketing, there are signs a perfect storm is brewing on the economic horizon. Arizona’s last jobs report featured an unemployment rate at 4.7 percent, a strong number buoyed[ … ]

Industry Outlook 2018: Construction

The 2018 Arizona CFO Spotlight Survey attracted respondents from a number of industries in Phoenix and Tucson. We will highlight the construction segment here in terms of growth, risk factors, strengths and trends. Respondents in the construction industry come primarily from general contractor and specialty contractor businesses. Locations are evenly spread between Tucson and Phoenix.[ … ]

Industry Outlook: Construction

The 2017 CFO Spotlight Survey attracted respondents from a number of industries in Phoenix and Tucson. We will highlight the construction segment here in terms of growth, risk factors, strengths and trends. Respondents in the construction industry came primarily from general contractor and specialty contractor businesses. Locations were evenly spread between Tucson and Phoenix. Half[ … ]

Phoenix-Area Retail Construction Hits Highest Level Since 2009

Research by commercial real-estate firm CBRE says more than 1.3 million square feet of new retail space opened across the Valley last year. That’s more than double the year before, but still a fraction of the pre-recession peak. In 2007, the Valley experienced nearly 10 times the retail construction we saw last year. But, that’s[ … ]

Build Your Construction Bonding Capacity with a Solid Foundation

A high bonding capacity is something for which just about every contractor strives. Knowing you can get the necessary underwriting from your surety gives you the freedom to bid on jobs well suited to your strengths — not to mention bigger projects with greater potential for profitability. But how do you build that kind of[ … ]

Eight Red Flags Contractors Need to Watch Out For

8 red flags to watch out for in your financial statements Financial statements show not only where a construction company stands financially, but also where it may be headed. Contractors who work with their financial advisors to analyze their statements can often catch problems early on — before they turn into bigger issues. Here are[ … ]