Fall 2013 Issue of Horizons

CONSTRUCTION

The Slow Road to Recovery by Frank Hogg, CPA & Ken Van Bree, CPA

T he recovery of the construction industry continues to move along much slower than any of us would like. The good news is that positive sentiment within the industry seems to be increasing. Indicators, such as the American Institute of Architects Architecture Billings Index and FMI’s Nonresidential Construction Index have been increasingly bullish.

survey of the construction industry. The results reflected that 68% of participants felt positive about growth prospects as compared to only 18% a year ago. Of course, positive sentiment can only take us so far and then the realities of the marketplace take over. In our same industry survey, participants expressed increased frustration with the unwillingness of owners to make long-term investments. Most would agree that a sustained and broad-based non-residential construction market recovery has not occurred. While

RubinBrown Construction Survey Results The Construction Services Group of RubinBrown recently completed an annual

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