In the past, we’ve talked a little bit about trends to look out for in construction companies in 2019. (Be sure to check out that blog post here.) In that post, we talked a lot about what the future of the construction industry will look like. But most of the trends we were looking at were trends for the construction industry as a whole. That’s why this week we wanted to narrow our focus a little bit. Instead of talking about overall construction trends across the US, we’re going to talk about Colorado. We think that it’s important to take a look back every once in a while. We’ve found that when people search “trends for construction companies near me – here in CO,” they often don’t find the results that they’re looking for. That’s why we’re here; it’s our goal to give you the information you need to stay informed about our industry.
Trends for Colorado’s Population Growth
One of the most important things about Colorado right now is that the population is rapidly increasing. In 2016 alone, Colorado had 90,000 new residents, which made it the 7th fastest growing state in the US. And that number hasn’t slowed down. But you might ask, “What does this population growth mean for trends for construction companies near me?” As people continue to move into Colorado, it means that construction becomes more and more necessary. New people are starting new businesses across the state and needing to build new homes, which is why Colorado has seen a boom in construction lately. It seems that you only have to drive a few miles before you see construction equipment at one location or another. Now is an exciting time for construction companies in Colorado because of all the new businesses coming in. And as Colorado grows, this trend will continue.
But why is Colorado’s population growing so fast? There are a lot of factors that go into Colorado’s recent growth. One of the reasons might be that the Colorado job market has been consistently improving over the last 20 years. In fact, the Denver Business Journal ranked Colorado as the #1 state for job opportunities and the #2 most attractive state for employment. It might also have to do with the abundant recreational opportunities across the state (and especially in Grand Junction). And in addition to the job market, the economy in Colorado has been steadily improving, too. As Grand Junction and the rest of the state continue to grow, we have no doubt that we’ll continue to see new businesses open up in the city and new faces around town. And as they come in, it’ll keep all the construction companies in Grand Junction on their toes.
Increased Demand and Energy Efficiency for Construction Companies Near Me – Here in CO
Unfortunately, though, increased demand doesn’t always work out the way you’d expect. Though it would be nice if every new person was able to build their dream home in Colorado, there simply aren’t enough people working in the construction industry to make this possible. In fact, there has recently been a labor shortage. There is so much work for construction companies that they often can’t hire enough people to keep up with the demand. Some companies have tried turning to prefabricated project delivery, which is used to create custom steel buildings, as a solution. But it’s not clear yet whether that will be able to solve the labor shortage problem. Due to the high volume of work, construction companies have struggled to hire enough people. This is true not just in Colorado but across the US. Right now, there are about 250,000 unfilled construction jobs across the country.
Like many other states, Colorado has recently been investing a lot into energy efficient construction. This is important if you’ve ever wondered “what are the current energy efficiency trends for construction companies near me – here in CO?” The answer is that most Colorado construction companies are trying to use new construction equipment and methods that make their projects and project delivery more energy efficient. Doing so can have many positive effects. Minimizing costs through energy efficiency isn’t just a way for construction companies to save money. It’s also a way that Colorado construction companies are able to help their local communities. By building energy efficient products using energy efficient delivery methods, construction companies can help improve the environment around them. Many companies are investing more in sustainable energy sources like solar, wind, and geothermal power. In the long run, this can reduce waste and make the construction process more environmentally friendly.
Trends for Prefabricated Buildings
As we mentioned above, prefabricated buildings have been surging in the construction industry. It’s likely that they’ll continue to do so in the future. We’ve talked a little bit about the benefits of custom metal buildings for the industry, but we’ll talk a little more about them here. Because the projects are constructed offsite, it means that the companies that prefabricate the buildings don’t have to worry about many delays. They can work at their own pace without having to worry so much about scheduling issues, which makes it a popular option for construction companies. Getting your project done fast is always a priority in Grand Junction, all over Colorado, and abroad. If you’re interested in learning more about trends for construction companies in Colorado, be sure to check out this article here.
At Western Constructors, we’ve designed our blog to educate our readers. It’s our goal to share the knowledge we’ve gained in our years of experience in the construction industry. We know that the more that our readers know, the more informed decisions they can make. As always, it’s our mission to make sure that you learn something knew every time you visit our blog. Whether it’s through teaching you about the benefits of custom metal buildings (which you can read about here) or through letting you know how to hire the right commercial contractor (which you can read about here), we hope that our blog is a resource you can use to guide your way through the construction industry. We know that construction is sometimes a tough industry to understand. Still, we hope to make it a little easier to understand for every single one of our readers.
*This post was written by Third Loft Marketing.