Wohlsen Construction Company’s Post

In this story for Central Penn Business Journal, I spoke with area construction pros about their challenges and successes so far in 2024 - Lots to unpack!! #construction, #centralpennsylvania,

Thank you Commercial Property Executive and author Richard Berger for sharing my take on executive hiring trends and how they align with construction costs - this dynamic and evolving development landscape is really interesting. See the recent article in CPE here: https://lnkd.in/eFnppvxb #realestatenow #realestatetrends #hiringtrends

The short-term outlook for #NortheastOhio construction #contractors faces challenges due to a drop in new commercial building starts, particularly in the apartment sector. However, the long-term prospects remain robust, driven by other building types in the region. Dive deeper into the local construction scene by reading Stan Bullard's latest article, which features insights from Roger T. Gingerich CPA, CVA, CCA on the findings of the Marcum LLP 2024 Northeast Ohio #Construction Survey. #AskMarcum

What Are You Experiencing in the NSW Construction Industry Right Now? 🚧 We’ve been hearing mixed feedback across the construction sector in NSW – some are talking about a slowdown, while others are staying busy. What’s your experience? 🔍 Common challenges some are facing: • Material shortages and rising costs putting pressure on budgets. • Delays in approvals slowing down project starts. • Increased competition for fewer available projects. • Skilled labor shortages making it tough to meet deadlines. With these hurdles, many businesses are rethinking their strategies, focusing on streamlining processes, or diversifying their offerings to stay competitive. But we want to hear directly from you: How are you navigating these challenges? Are you seeing a slowdown in your business, or are you still going strong? What’s been the biggest hurdle or opportunity for you in this current market?

When it comes to the housing and construction industry, having the right expertise on your side can make all the difference. At Optimum, our team of consultants stands out for their experience and deep knowledge, ensuring your projects succeed from start to finish. Here's what sets our consultants apart: Wealth of Experience: Our consultants are from the industry, with years of hands-on experience in housing and construction. They've successfully navigated diverse challenges, bringing valuable insights to every project. In-Depth Knowledge: Our consultants stay updated with the ever-evolving industry standards and innovations. Their comprehensive understanding ensures your projects are built on a solid foundation. Strategic Vision: We’re not just problem-solvers; we’re strategic thinkers. Our consultants anticipate potential hurdles and develop proactive solutions that keep your projects on track and within budget. Collaborative Approach: We believe in working closely with our clients. Our consultants foster strong partnerships, creating a collaborative environment that drives efficiency and innovation. Proven Track Record: Success stories from numerous projects showcase our consultants ability to deliver exceptional results. Their expertise has consistently led to the completion of projects that exceed client expectations. Ready to benefit from our experience and expertise? Contact us today and see how our talent and experience can benefit your business. https://bit.ly/4dF4aHJ

Fascinating to see Factories and Infrastructure labeled as the Construction industry sectors 2024 winning performers. I can attest to this being true by seeing what my clients experience in those sectors nationwide. What about Housing? What are your thoughts on single or multi-family projects? Office no longer being attractive is a common sentiment. Warehouse space being less attractive is interesting to explore.

In 2024, navigating U.S. construction costs will require more than just a hard hat. With projections indicating a rise of 3-6%, the landscape is shifting under our feet. But it's not just about bracing for impact; it's about evolving with the terrain. From Chicago's modest 3.5% increase to Phoenix's soaring 6%, the challenge isn't uniform—it's multifaceted. Currie & Brown's insights offer a blueprint for resilience: embrace modular construction to mitigate skill and material shortages, prioritize sustainability to align with future standards, and harness digital advancements for greater ROI. 🌍💡 As costs climb, the industry stands at a crossroads between cost containment and innovative growth. The path forward? Proactive collaboration, sustainability, and digital transformation. https://lnkd.in/e3jhmn3Y #ConstructionTrends #Sustainability #DigitalTransformation #CostManagement Ciara McGlynn Ciaran Mcbride Gareth McGlynn (BEng) Lisa Doherty Orrian Quigley Patrick Stanley Shea O'Kane Megan Anthony Morgan Murray Orán Fox Niche SSP - No.1 for Estimating Talent

Navigating the UK's cost-of-living challenges has significantly impacted diverse sectors, with the construction industry being notably affected 🚧 In this video, Principal Consultant, Danny Hung, sheds light on the ramifications the 2023 cost-of-living surge had on the UK housing market and construction industry and shares insights into anticipated improvements set to unfold in 2024. Watch here ⬇️ #costofliving #ukhousingmarket #construction

👷♀️ 👷♂️ Top 150 Contractors for 2024 👷♂️ 👷♀️ The Top 150 Contractors for 2024 list was just released yesterday, showcasing the industry’s top performers. Turner Construction Company leads the pack with nearly $17B in revenue, followed by The Whiting-Turner Contracting Company with $11.1B and STO Building Group with $11B. This is a key snapshot of the leading companies shaping the construction landscape this year. Compared to the 2023 list, companies like Clark Construction Group and HENSEL PHELPS have seen significant growth, while Gilbane Building Company also saw a rise in its ranking. These shifts reflect a competitive and dynamic market, driven by major projects and strategic expansions. Further down the list, some large firms have made significant moves. Clayco and Suffolk Construction have all experienced notable growth, climbing the ranks with billions in revenue. Companies like Alston Construction and Choate Construction Company have managed to secure higher spots through expanded project portfolios and strong market performance. These upward movements demonstrate that even outside the top 10, there’s fierce competition and remarkable progress happening among the largest construction firms. Among the companies appearing on both the 2023 and 2024 lists, Austin Industries saw the highest percentage revenue increase at 42.6%, showcasing impressive growth and expansion. Stay informed on the movers and shakers in the industry, and check out who made the list! #ConstructionNews #TopContractors2024 #IndustryUpdate #ConstructionLeadership #BusinessGrowth #USConstruction

The North American construction market is thriving, and there's no sign of it slowing down anytime soon. With a diverse range of projects, including residential, commercial, and industrial construction, this industry is dynamic and continuously evolving. The demand for new construction projects is fueled by factors such as population growth, urbanization, and economic development, all of which are expected to continue over the forecast period. According to recent reports, the North American construction market is projected to reach a staggering $1.8 trillion by 2027. This growth will be driven by a combination of new construction projects and ongoing maintenance and renovation activities. As the industry continues to expand, it's essential to stay informed about the latest trends and innovations. Whether you're a seasoned professional or just starting in the industry, there's never been a better time to be a part of North America's construction market. So let's keep building and shaping the world we live in!