Tag: Growth
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Commercial Contractors See Steady Growth in 2025, but Labor and Cost Challenges Continue
Despite ongoing labor shortages and rising costs, commercial service contractors are entering the second half of 2025 with cautious optimism, according to a new industry report from ServiceTitan and Thrive Analytics. More than two-thirds of contractors surveyed reported stable or growing revenues through May, and 53% are optimistic about the market outlook for the rest…
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Trade Over Tuition: Check Out 2025’s Top 5 Construction Careers with Growth Potential
As the price of a traditional four-year college degree continues to climb, more young Americans are questioning whether a diploma is worth the debt. New data shows that a growing number of students are trading college lecture halls for hands-on careers in construction — and the industry-in-need is ready to welcome them. Trade school enrollment…
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Matthew Cox Joins Newforma to Lead Global Growth Efforts
Newforma, the trusted leader in project and information management for the architecture, engineering, construction and owner (AECO) industry, is pleased to announce the appointment of Matthew Cox as Senior Vice President of International Sales. Cox brings decades of AECO technology experience, including senior roles at Bentley Systems, and joins Newforma at a critical moment as…
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BOMAG Expands Light Equipment Sales Team to Support Rental Market Growth
BOMAG Americas has expanded its light equipment sales team, appointing new leadership roles to better serve the growing needs of national and regional rental customers. These strategic hires are aimed at improving responsiveness, reducing territory sizes, and enhancing support for equipment selection, service, and operations. National Accounts Focus Jim DavisBOMAG Jim Davis has been named…
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How Construction Firms Can Build a Strong Financial Roadmap Amid Rising Costs and Growth
As your construction firm navigates today’s economic landscape, the $1.2 trillion public infrastructure bill, passed a few years ago, continues to carry both promise and uncertainty. Nevertheless, the domestic procurement preferences and materials sourcing requirements tied to this legislation still hold the potential to create meaningful growth opportunities. That said, it’s crucial to be prepared…
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MCA 2025 Market Study Shows Growth for Industry
The Metal Construction Association has published its 2025 MCA Market Study of the metal roof and wall market, the most comprehensive study of the metal construction industry to date. Published annually, the MCA Market Study combines industry data from leading manufacturers of metal construction products. It offers an analysis on growth, shipments, and market share…
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Mortenson pegs growth to taking the long view
Listen to the article 6 min This audio is auto-generated. Please let us know if you have feedback. For Mortenson, it’s all about planning ahead. The Minneapolis-based contractor jumped five spots this year on the country’s list of top contractors by revenue, with $6.7 billion in 2024 revenue earning the firm the 22nd position. If…
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Eastern Iowa Building Joins FBi Buildings for Growth
FBi Buildings, a leading post-frame construction firm with over 65 years of innovation, today announced its acquisition of Eastern Iowa Building (EIB), effective July 1, 2025. This strategic partnership broadens FBi’s presence and significantly enhances EIB’s capacity to serve customers within and beyond its traditional service area. For decades, Eastern Iowa Building has built a…
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North American construction market forecasts steady growth through 2028
Global construction consultant Linesight has released its latest Construction Market Insights report, revealing that the North American construction industry continues to gain momentum, fueled by mission-critical sectors, despite the uncertainty surrounding US tariffs and global trade. Despite global trade uncertainty and the ongoing impacts of US tariffs, the industry is anticipating steady growth. In 2024, the US…
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Rebuilding the Craft Workforce: Strategies for Retention and Growth
The construction industry has long grappled with the challenge of attracting and retaining skilled craft professionals. Following a significant slowdown in hiring, it’s more important than ever to reexamine how we engage with the people who bring our projects to life. As demand begins to rise again, the workforce isn’t returning at the same pace.…