Construction Firms Plan Fewer Layoffs in 2012

January 23, 2012

Fewer construction firms plan to make layoffs in 2012 than in recent years, according to survey results included in the Associated General Contractors of America’s 2012 Construction Industry Hiring and Business Outlook.

“While there are some promising signs, especially when it comes to construction employment, the outlook for the industry is mixed,” said Stephen E. Sandherr, the association’s chief executive officer. “More than four years after demand for commercial construction began to plummet, economic conditions remain difficult.”

A majority of firms expect the dollar volume of projects they compete for to either grow or remain stable in every market segment, while nearly half report that tight credit has delayed or cancelled projects. 60 percent of firms expect demand for green construction projects to either stagnate or decline in 2012.

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