Latest NSCA Electronic Systems Outlook Bullish on New Construction
NSCA projects all construction segments, as compared to 2017, are to grow at least with the rate of inflation.
CEDAR RAPIDS, Iowa — National Systems Contractors Association has released its latest NSCA Electronic Systems Outlook report, which includes construction industry projections based on data from Q1 and Q2 of 2018, as well as a forecast for the remainder of the year and beyond.
Overall, the forecast for 2018 new construction put-in-place calls for a 6% increase this year, in comparison to the 4% growth rate of 2017. Looking ahead to 2019, FMI forecasts a 5% increase in total construction spending over 2018.
All construction segments, as compared to 2017, are predicted to grow at least with the rate of inflation and therefore are considered stable as a result.
NSCA has followed and reported on industry conditions for more than 21 years, knowing that new construction is the best indicator of the future business climate, according to an announcement. Understanding new construction put-in-place totals allows NSCA to predict patterns of slowdowns, recoveries, and market/geographic changes.
In the Summer 2018 edition, the report provides an updated view of construction data by market and electronic system/technology, providing details on:
- Markets that are posed to do the best
- Construction forecasts for 2018 and beyond
- Technologies that are growing in demand
- Developing a focused sales approach
- Keeping tabs on new business opportunities
“Construction numbers seem to be heating up, which is always positive for NSCA members,” says NSCA Executive Director Chuck Wilson. “That trend is expected next year as well. The challenge for integrators will be in finding more staff members to help them keep up. This is one of the reasons NSCA founded the IGNITE program — to bring new talent into the industry.”
The biannual report is free for NSCA Gold and Platinum members, and available for purchase at $199 for Bronze and Silver members. It can be purchased by non-members for $399.
Non-member integrators can become members for $595 and receive the report as part of their membership package, which offers access to discounted education and training opportunities, updates on regional and national government affairs issues, free monthly industry webinars, and other exclusive industry research.
For more information, visit www.nsca.org.
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