FMI reports that total construction for 2015 should grow at 8%, outpacing 2014. Lodging construction is expected to grow 9%, office construction 11%, commercial construction 15% and manufacturing construction 11%, Even though markets like education and healthcare will grow more modestly, 3% and 4% respectively, slow growth is beginning to catch up to capacity. The biggest challenge facing contractors this year continues to be finding and retaining the best talent. There is more urgency to grow the talent pool or some contractors will need to turn down new projects. Finally, the construction industry is beginning to catch up with where it left off in the growth period before the boom busted.
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