Few businesses have continued to work, mostly uninterrupted, over the past 18 months. The Construction industry has.
While restaurants and office businesses saw tremendous downside during the pandemic, it seems our industry has continued to “get ‘er done” on highways, bridges, sitework, utilities, and water resources projects. Our industry has been pretty darn good about masking up and not being a “super spreader” of the Covid virus.
It is well known that our employees are relatively well paid, so it is no surprise that if we were all working for the past 18 months, while many others were not, it is logical that our families have largely been fueling the economy.
“Construction business is very important to the country’s economy. The construction sector provides about 18 million job opportunities and about 9% of the GDP growth. It creates jobs, drives economic growth, and provides solutions for social, climate, and energy challenges. Particularly in India, the growth of the construction industry hits a rocket speed rise and creates investment opportunities across related sectors.”
AS commodity prices keep going up, the opportunities for construction material companies to expand and consolidate market share is unprecedented. Although this Soapbox is not intended to be a factual accounting, the point is that we are big big players in the nation’s economy moving forward. One of our ECA firms, Vulcan, is in this article about making a major move soon- High Commodity Prices Are Fueling Construction Sector Consolidation | The Motley Fool
Let’s not be fooled people. We are working, turning dollars over, and reinvesting those dollars back into the economy. As long as we can keep doing that, I believe our elected officials have to continue to keep “stoking the fire” and keep us all working at or near 100%.
That is my “bullish” report on our industry. It is a very good time to be a construction bull!
That’s all folks!
John
