The Great Recession squeezed electrical contractors’ profit margins, stopped construction projects in their tracks, and exerted downward pressure on many markets. Gradually, the economy and construction industry began its journey on a slow road to recovery, eventually posting gains — nearly across the board. Eight years later, however, the downturn is still fresh in contractors’ minds, says Kevin Haynes, chief consultant for FMI Corp.
Climbing to the Peak: EC&M's 2018 Electroforecast
Construction economists forecast a moderate bump in activity for 2018, following years of growth and expansion.