CONSTRUCTION OUTLOOK FOR 2019

From the Western Materials Blog

As a construction business owner, you are always looking ahead. If you are going to have success in the long-term, you need to know not only what you are doing today, but also what you are going to be doing in the months – and even years – to come. This kind of vision is often what separates successful businesses from those that don’t get out of their first few years of existence.

With this in mind, let’s take a look toward 2019 to see what kind of market conditions may exist in the construction industry. Of course, when looking ahead, it’s always important to remember that nothing is certain. Market conditions can change quickly, so staying up to date and responding to changes as necessary is essential.

A Moderate Forecast

As a construction company, you’d love to hear that the prospects for construction jobs in the coming year are going to shoot through the roof. While that doesn’t seem to be the case for 2019, the news isn’t all bad. Overall, forecasts are seeing a year in 2019 that is relatively similar to the one just experienced in 2018. It would be great to see more growth, but it’s at least comforting that a large step back does not appear to be in the cards.

Depends on the Market

It is a little misleading to say that construction as a whole is going to increase or decrease in the coming year, as construction is a massive category when taking altogether. It’s more useful to look at particular segments within the construction industry. For instance, in 2019, one segment that seems set to take a step back is housing. This is often seen as a big indicator in the construction world, but there are plenty of other types of jobs out there – and many of those seem poised to take a step forward. Areas like institutional building, public works projects, and manufacturing plant construction are all predicted to grow.

Winning Your Battles

Whether the overall market for construction jobs swells or shrinks somewhat over the next 12 months, your task really remains the same – to win bids and complete projects successfully. As long as you are beating out the competition with your proposals, and then doing a great job of delivering on those projects once hired, the overall market conditions may have little impact on your bottom line.
It’s true that the outlook for 2019 may be a little slow with regard to growth in the construction world. But don’t let that news get you down – there are still plenty of projects out there to win, specially the public sector work. Non-private work and or non-residential construction should continue as strong as ever especially in Los Angeles and through out Southern California! By working hard to track down jobs that are a good fit for your business, and then placing excellent bids on those jobs, you’ll hopefully be able to stay busy all year long. For all of your sand and gravel needs, Western Materials will be proud to serve you. Our 20 year long track record in the sand and gravel industry is second-to-none, and we are sure you’ll love both our sand & gravel and our contractor focused service and trucking. Whether you need sand, gravel, crushed rock, washed sand, road base, decomposed granite, dirt, bedding sand or any other sand & gravel materials, Western Materials is here to serve you needs. Please click on this link to get a quick quote now for your next project. https://westernmaterials.net/get-quote/

2019-01-22T21:28:03+00:00