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We Surveyed Maryland Construction Contractors….Here’s What They Said [Infographic]

We Surveyed Maryland Construction Contractors….Here’s What They Said [Infographic]

Construction & Real Estate

Knowing where your Maryland construction business stands in relation to other contractors in the state can be tough. To get a pulse on the state of the industry, Gross Mendelsohn partnered with the Maryland Construction Network (MCN) in 2019 to gather and analyze data from 150+ people working in Maryland’s construction industry.

The following infographic highlights data from the 2019 Maryland Construction Industry Outlook Survey. If you'd like to view a larger copy of the infographic, click here.

Psst, you can get more data like this in your free copy of the executive summary of the survey results here.

 

2019 Construction Survey Outlook and Trends Infographic

 


Construction Industry Survey Highlights

The Same Data, But Easier to Share

  • 86% of Maryland construction contractors are more optimistic about their company’s outlook for 2019 than they were for 2018. This is a drop from 2018, when 93% of contractors said the same.
  • 61% of contractors in Maryland increased their company’s pricing in the last year.
  • The top concerns for Maryland construction contractors in 2019 were finding and retaining qualified employees, cost of materials, and timely collection of receivables.
  • When asked what they saw as being the biggest change in the construction industry in the next ten years, one construction business owner said, “No younger people coming into the trade.”
  • The number of Maryland construction businesses who are looking for employees online increased by 12% between 2018 and 2019.
  • 65% of Maryland construction contractors said it’ll be harder to hire new employees in 2019.
  • 66% of construction contractors in Maryland said they aren’t using technology in a way that makes their company and its people more efficient.

Need Help?

Contact us online or call 800.899.4623 to discuss your construction business.

2019 Maryland Construction Industry Survey Executive Summary

Published on May 16, 2019