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Trends In The Colorado Construction Industry

Colorado is one of the states that are a constant presence in the tops for job growth and development of various industries. The construction industry makes no exception, especially because Colorado also has one of the fastest rates of population growth in the US.   There are quality jobs in commercial air conditioning repair in Denver, you can be sure of it.

Besides the fact that Colorado is expected to continue to offer very good working opportunities for construction workers, there are some other current trends that will continue in 2018.

  • The construction industry will keep suffering from the shortage of qualified labor. This is the negative side about population growth: the demands are higher than the possibilities, especially that lots of qualified workers have left the industry during the recession and never came back. Recent statistics show that there were more than 100,000 unfilled jobs in construction, during 2017 and construction companies will keep encounter difficulties in recruiting workers, especially when it comes to skilled craft labor.
  • Apartment building frenzy will persist in 2018, especially in Denver metro area. There are already many projects started that will be continued in 2018, from affordable to luxurious and extravagant flats, for people with all kind of needs and budgets moving into big cities, looking for better work. In the same time, multi-family unit construction is expected to slow down.
  • Specialists also estimate reduced property costs, in the years to come.