The outlook for building in New Hampshire is bright for the foreseeable future. Beote Construction is well positioned to continue building the homes of the future. Owner, Conor Beote is a 2009 graduate of the Wentworth Institute of Technology with a Bachelor’s degree in Mechanical Engineering Technology and a 2014 graduate of Tufts University Gordon Institute with a Master’s degree in Engineering Management. His skill set of building high quality homes and duplexes outfitted with the latest technologies and innovative materials makes his experience in the construction field second to none. Here are some trends that Beote Construction is seeing for 2018 and beyond.
General construction and building are continuing to rise. Dodge Data & Analytics recently released their 2018 outlook. Dodge Data & Analytics is a leading provider of data, analytics, news and intelligence serving the North American construction industry. The report predicts that total U.S. construction starts for 2018 will rise 3% to $765 billion. Gains in single family construction will be experienced at about 9% growth. It is expected that the US economy will show moderate job growth, long term interest rates that will remain stable with slight fluctuations and millennials who are purchasing homes are a higher rate than in past years. Beote Construction’s experience in the state of New Hampshire supports these outlooks.
Further integrating technology tools on the job site. Technology is making leaps and bounds every year. Trends that builders are embracing include smart home technologies, 3D modeling, consolidating multi-app tools into one management system to ease planning and management on the construction site and to connect workers.
More employment opportunities in construction. Jobs in the construction field will continue to outpace the available supply of skilled workers. The opportunity for work will be steady. Training programs continue to be robust and active.
Beote Construction is a General Contracting company with experience in managing the construction of Duplexes and Single Family Homes.