TAILIEUCHUNG - TENTATIVE SIGNS OF A RECOVERY: THE 2013 CONSTRUCTION HIRING AND BUSINESS OUTLOOK

Likewise, there are some significant variances in contractors’ expectations for growth in various market segments this year. For example, contractors in the Southwest and Northwest are more optimistic about the outlook for highway construction this year, with 32 percent of contractors expecting the market to increase in the Southwest, versus 31 percent expecting a decrease while 31 percent of contractors in the Northeast expect an increase and 30 percent a decrease, for a net positive of 1 percent for each region. Conversely, contractors in the West are the most pessimistic about the highway market, with only 12. | COMPUTER GUIDANCE TENTATIVE SIGNS OF A RECOVERY THE 2013 CONSTRUCTION HIRING AND BUSINESS OUTLOOK The Associated General Contractors of America AGC is the leading association for the construction industry. AGC represents nearly 30 000 firms including 7 000 of America s leading general contractors and over 10 000 specialty-contracting firms. More than 13 000 service providers and suppliers are associated with AGC through a nationwide network of chapters. Visit the AGC Web site at . Computer Guidance offers the most complete proven and reliable construction management solution for architecture engineering and commercial construction companies. Computer Guidance s eCMS construction enterprise resource planning solution provides financial accounting and operations project management applications supported by advanced business intelligence and dashboard as well as innovative productivity tools. The Associated General Contractors of America 2300 Wilson Blvd. Suite 400 Arlington VA 22201 703 548-3118 SUMMARY After six years of a construction downturn that has cost more than 2 million jobs and turned a trillion-a-year industry into an 800 billion-a-year one the outlook for construction hiring is once again heading in the right direction. Significantly more firms are planning to add staff in 2013 compared to firms planning to reduce staff. Many segments of the private construction sector look poised to expand this year and a strong number of firms finally appear confident enough about market conditions to attempt to charge more for construction services. As welcome as the generally more upbeat outlook appears many firms are still facing significant economic headwinds in 2013. Most firms expect the public sector construction market to continue to shrink and are less optimistic about the outlook for manufacturing than for other private sector segments. Firms remain reluctant to make large scale equipment purchases preferring instead to lease. Health care costs

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