In a year-end survey of SMACNA chapters, 47 percent predicted man-hours to increase, 16 percent said stable, and 37 percent anticipated they will decrease.
By region of the country, the East and South/Southwest were betting on substantial increases. The Midwest predicted a decrease, while the West was neutral on whether hours would increase or decrease.
FMI noted in their “2016 U.S. Markets Construction Overview” that specialty contractors will have substantial backlogs and lots of new work opportunities.
At the same time, subcontractors continue to face several ongoing challenges and trends, including:
- Critical shortage of skilled labor and project management talent.
- Increased emphasis on growing service and direct-to-owner business.
- Continued emphasis on prefabrication and modularization.