The summer months are the busiest of the year for the construction industry. |
During the summer, many industries experience a major
increase in business. One such industry in the United States is construction.
The American construction industry is the second largest in the world, making
up 10% of all global construction. According to the US Census, over 729,000 American construction companies bring in an average annual revenue of$1.731 trillion. The busiest time for construction companies and workers is the
summer – from April to May, where the industry experiences an almost 12 percent increase in employment, which holds steady until September. The industry also sees a
huge spike in hiring new employees during the summer months.
increase in business. One such industry in the United States is construction.
The American construction industry is the second largest in the world, making
up 10% of all global construction. According to the US Census, over 729,000 American construction companies bring in an average annual revenue of$1.731 trillion. The busiest time for construction companies and workers is the
summer – from April to May, where the industry experiences an almost 12 percent increase in employment, which holds steady until September. The industry also sees a
huge spike in hiring new employees during the summer months.
Part of the reasoning behind this spike in employment is the
increased amount of construction projects during the summer. A major source of
work for construction companies during the summer is construction projects on
college campuses. Colleges often take advantage of nearly empty campuses to get
some much-needed construction projects finished. A tremendous amount of money
nationwide is spent on these projects. All the colleges in one section of one
state, Southeast Michigan, are expecting to spend a combined $1 billion on construction projects this summer. Syracuse University in New York is finishing up a brand new $25.5 million building this summer, and spending an additional $18 billion on renovations to another building on campus.
increased amount of construction projects during the summer. A major source of
work for construction companies during the summer is construction projects on
college campuses. Colleges often take advantage of nearly empty campuses to get
some much-needed construction projects finished. A tremendous amount of money
nationwide is spent on these projects. All the colleges in one section of one
state, Southeast Michigan, are expecting to spend a combined $1 billion on construction projects this summer. Syracuse University in New York is finishing up a brand new $25.5 million building this summer, and spending an additional $18 billion on renovations to another building on campus.
With so much money being spent this summer, and such a large
increase in employment, the conditions are ripe for your construction company
to have a tremendously successful summer. However, the only way you can take
advantage of these circumstances is with the right kind of financing. Silver Rock Funding can help get you a merchant cash advance to make your business soar. Most small business loans can be approved within 72 hours, making sure you don’t miss a single
opportunity to achieve success this summer.
increase in employment, the conditions are ripe for your construction company
to have a tremendously successful summer. However, the only way you can take
advantage of these circumstances is with the right kind of financing. Silver Rock Funding can help get you a merchant cash advance to make your business soar. Most small business loans can be approved within 72 hours, making sure you don’t miss a single
opportunity to achieve success this summer.