CEDAR RAPIDS, Iowa — The NSCA has updated its Electronic Systems Outlook for Summer 2017 and now includes information based upon data from the first and second fiscal quarters of 2017, as well as a forecasted outlook for the remainder of the year and beyond.
NSCA says new construction statistics provide the best indicator of the future business climate. Understanding construction put-in-place totals allows NSCA to predict patterns of slowdowns, recoveries and market/geographic changes for members.
Overall, the forecast for 2017 construction put-in-place calls for a 6% increase. Although this is a drop from the hot pace of growth from the past few years, it would seem to indicate the recovery bounce is over and more normal growth is in store, according to the association.
Lodging construction is forecast at 6% growth. Office construction is expected to slow to 9% growth in 2017. Commercial construction is projected to lead the year at 10% growth, but is forecast to slow in subsequent years.
In the Summer 2017 edition, the biannual Electronic Systems Outlook report provides an updated view of construction data by market and electronic system/technology, providing details on:
- Markets that are (and aren’t) poised to do well
- Construction forecasts for 2017 and beyond
- Technologies that are growing in demand
- Developing a focused sales approach
- Keeping tabs on new business opportunities
“The numbers look solid for NSCA members. The infrastructure spending bill will have a tremendous impact on our industry,” says NSCA Executive Director Chuck Wilson. “As usual, the challenge will be in finding people to perform the work — not in finding the work itself. Without question, talent management will be a top priority in order for integrators to pursue growth opportunities.”
The Electronic Systems Outlook is free for NSCA Gold and Platinum members, and available for purchase at other membership levels and by non-members.
For more information about the report, visit www.nsca.org.
