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Brief of diving:
- The recoil of the construction decreased to 8.3 months In February, approximately 1% was reduced from January, according to an associated survey of builders and contractors made from February 20 to March 5.
- Work on the Builders pipes fell for contractors with less than $ 100 million in annual income, while companies with more than $ 100 million in sales reserved more work, softening the fall.
- The overall confidence of the contractor remained firm in February, even when expectations of the benefit margin decreased and sales expectations remained at the level, according to ABC.
Divide vision:
According to the report, the decrease in deception in February highlights a growing division between large and small contractors.
Larger companies, or with more than $ 100 million in revenue, are expanding the project pipes. Executives of the firm of public construction recently erased Rates and concerns about policiesQuoting a strong demand for mass infrastructure, data centers and energy projects.
The smaller companies, on the other hand, the face of the headers as the backlog decreases. However, the industry is still waiting for a rebound in business conditions this year.
“Although many other economic feelings have deteriorated in recent months, contractors are still optimistic that business conditions improve during the first half of 2025,” said Anirban Basu, an ABC chief economist, in the statement.
Despite the decrease in the decline, the expectations of hiring increased throughout the month, according to ABC. Its survey showed that almost 60% of contractors plan to increase staff levels over the next six months.
This is the highest metric for contractors who plan to add to their payroll for more than two years, said Basu.
“These recruitment expectations suggest that the recent slowdown in employment throughout the industry is largely limited to the residential segment,” said Basu on the statement. “Yes, there are some wider signs of emerging economic weakness, but the results of this ABC member survey suggest that contractors will be occupied in the coming quarters.”
