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Construction spending in the U.S. is up by 5.3 percent over last year according to the October numbers in a U.S. Census report released December 2. This comes as good news as recession era pains are gradually decreasing. At an annual rate of $908.4 billion (about $7 billion more than projected), the upswing in spending is creating a lot of new opportunities for developers and builders, and with all the new jobs companies will likely be putting their construction cost estimation software to the test.
Check out some of the other interesting statistics in the report…
As investor confidence builds the further we move away from the recession, there are bound to be more jobs and added business for many construction companies. If you have been waiting to update or reinvest in technology like construction cost estimation software, now is the time as the trends seem to indicate that 2014 will be a good year for construction. With software like Microsoft Dynamics NAV, construction companies can manage everything from construction cost estimation, project management, financials, customer service and contract management from a single solution.
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