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ARTICLE · 24 DECEMBER 2015

Are We There Yet?

Stites & Harbison PLLC
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Many of us have heard that voice from the rear seat of the car, "Are we there yet?" There is a decent chance that we might hear those very words spoken in the coming days as we travel to the home of a relative or friend for the holidays.

United StatesReal Estate and Construction
William Geisen
William Geisen
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Many of us have heard that voice from the rear seat of the car, "Are we there yet?" There is a decent chance that we might hear those very words spoken in the coming days as we travel to the home of a relative or friend for the holidays.

Several construction executives might be asking that same question, "Are we there yet?" Namely, "When will we be back to where we were before the recession of 2008?" Some economists are forecasting continued growth in the construction industry in 2016; however, a number of construction-oriented indices reflect cautious optimism for 2016.

After years of patiently waiting, many construction companies and design firms are now enjoying a measure of prosperity and seizing growth opportunities. Construction industry professionals are questioning, however, whether that projected growth will be sustained in 2016 and beyond. Economic forecasts indicate modest growth for the construction industry in 2016.

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