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National Construction
Construction Industry Outlook for 2025: Trends, Challenges, and Innovations
Posted on November 6th, 2024
The construction industry in 2025 is moving toward a more sustainable, tech-driven, and resilient future. While labor shortages and regulatory hurdles will present challenges, they also push the industry toward innovation.
As your business grows, so does your need for a reliable network of professional contacts. Growing your business network can be a daunting task, but it doesn't have to be. By preparing beforehand, you can ensure that your networking efforts are productive and efficient. Here are a few things to do before growing your business network:
If you have tried to start a new project lately, like that summer-time deck, then you've likely seen lumber prices soar out of control. As of June 2021, lumber was still priced at $1,300 per thousand board feet. Although this is down slightly from the peak high in May of $1700, this is still several times higher than the pre-pandemic numbers. The main factors that have affected wood prices are demand and staffing shortages.
Connecting with other construction professionals is crucial for growing your business and learning new trade techniques and technologies. Check out these upcoming events, conferences and expos related to all facets of the construction industry.
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