Spring is in the air, and construction is starting to get underway in cities all over America. From the infrastructure overhaul to nonresidential-building, 2017 is shaping up to be a solid year for the construction industry. We’ll be the first to tell you that we believe 2017 will show an increase in U.S. construction, but now we have a few others who believe in our optimistic outlook, too. Wells Fargo Equipment Finance, a subsidiary of Wells Fargo & Company, has entered this year with an increased optimism for nonresidential construction activity, which tells us the financial sector is anticipating and ready to help builders across America.
The 2017 Construction Industry Forecast is the publication that divulged the positive outlook. The increase in optimism from last year is sizable. According to a ContractorSupplyMagazine.com article on the subject:
“The survey’s primary benchmark for measuring construction industry contractor and equipment distributor sentiment is the Optimism Quotient (OQ). The OQ reached its third highest reading in 20 years with a very positive 123 for 2017, a marked increase over the 2016 reading of 108. An OQ score greater than 100 suggests strong optimism for increased local construction activity versus the prior calendar year.”
There are different factors that could be attributed to the significant increase from 2016. For example, in 2016, the presidential election was about to take place and caused uncertainties in markets. But, with the election of President Trump and his proposed infrastructure overhaul, the construction industry is ready to rally ahead. But to be successful in 2017, you need to be safe.
Strong Man’s main purpose is to keep everyone on the jobsite safe. There are many ways to do this, but if you don’t have the right safety products in place, you’re leaving a gap in accident prevention. Whether it’s debris netting, demo tarps or vapor barriers, we’ve got you covered. And if you’re not sure about what you need, we’re ready and waiting for you to contact us. There are many different opportunities in the construction industry for 2017. To take advantage of them, you need to be strong while staying safe. Let us help you keep your personnel working and accident-free.