It appears the skies may be brightening for the construction industry. After several slow years during the economic downturn, HCSS found companies are starting to be optimistic about their business again.
The findings come from the annual HCSS Heavy Civil/Infrastructure Estimating Survey, which the construction software company sends out to all companies in our database.
The 26 questions are compiled in collaboration with members of our Advisory Board, and most of the questions were similar to those in 2013 in order to analyze trends.
We received 359 responses from 51 states and provinces in the U.S. and Canada. No state represented more than 9 percent of the respondents, and 7 percent of the responses were from Canadian companies.
What we found this year was that our customers, in general, are hopeful about 2015.
Half of all companies surveyed said they expected 2015 to be a “good year,” and another 41 percent expected “an ok year with a small profit.
Compare that to 2014, when less than 40 percent of companies said they expected to have an ok year, and not even half of companies thought they would have a good year. (For what it’s worth, most companies performed as well as, or better than, expected in 2014.)