Dr. Anirban Basu, chief economist with Associated Builders and Contractors, shares the latest construction confidence index and backlog indicator results, plus what they mean. He also covers a big area of opportunity for restoration and remediation contractors: adaptive reuse of existing structures.
While this article is just a snapshot of the data captured in R&R’s 2021 State of the Industry study, the trends largely continue to be the same. In addition to biggest challenges, third party administrators, spending habits and future predictions, this year we explore the impacts of the COVID-19 pandemic on restoration companies.
One of the challenges in making predictions is being blindsided by items you could never have seen coming. Before last year, imagine someone telling you the country would be shut down for months, you could not go to a restaurant or church service for months, college basketball would stop the week before March Madness, and most schools would be closed for months (or in some cases, a year).
So long, farewell, auf Wiedersehen, GOODBYE! While I’m certainly being cognizant enough to enjoy the Christmas season with my family, I am also (like many of you, I’m sure), ready for a New Year!
I laugh a little to myself when I look back at some of R&R’s final articles of 2019. Several revolved around industry trends and predictions for the year to come. No one could have predicted what actually lay ahead for all of us.
My 5-year-old has been on skates pretty much from the moment he was born. The moment my husband could get him in skates, he did. In the beginning, of course, Levi couldn’t even stand – and often refused to even try.
The disaster restoration industry is moving quickly; many new players and influences are driving changes in technology, labor force, program work, and more.