Retail Construction Jobs
When the economy flourishes, you can expect retail construction jobs to be plentiful. Business stripes, residential subdivisions and remodeling construction start appearing and the retail business comes alive.
The retail construction industry requires a strategic perspective and a strong desire for quality; however, when the economy is depressed, jobs are still hard to find. This has been the case since Katrina hit the gulf coast in September 2005. According to accessmylibrary.com, retail is the weakest commercial construction market. Jobsite constructions have declined since September 2007. Some retail construction companies struggle to break even while others sit it out until the economy improves.
As the recession deepens, project delays, shutdowns and investment capital cutbacks are the stickler that keeps retail construction at a low. Another cause of a sudden decline in retail construction is overbuilding in 2006 and 2007. Although consumer spending and credit availability problems are a result from the recession, retail construction would have still declined.
The past several years have been less than profitable for retail building. Many geographic areas are over-stored leaving many pre-existing and new spaces vacant.
When the commercial construction slowly begins the long climb out of the recession crunch, retail construction will lead the way to recovery with development of retail and service buildings. According to Reed Construction Data, the value of retail construction starts rose 9.1% in 2006. This increase was slightly smaller than construction spending gains. This is an indication that the pipeline of the industry is starting to decline. Unfortunately, the supply-demand fundamentals of the retail construction job market is at the mercy of the economy.
Seasonal retail construction contractors do not suffer as much as a contractor who specializes in retail construction year round. Their assets and overhead are kept at a minimum, which renders an acceptable profit. An occasional business office or convenient store is their idea customers.
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