The construction bubble that ended with the market crash of 2008 idled a lot of production capacity and left a huge supply of overbuilt units perched on top of a depressed market. Lately, however, it appears that this glut is getting close to being digested. Building permits are up. Many mothballed projects are finally getting completion financing. Population growth continues to add pressure for new home and business construction.
While it seems unlikely that the construction industry will resume its former frantic go-go pace, there does seem to be a gradual resumption of sustained activity nationwide.
Not all of the oversupply has been fully absorbed yet, but much of the remaining inventory is held in less desirable areas that are never likely to fully recover. The good stuff has been picked up and put back into service, and the time is now here to start building more.
For those who choose not to go to college, careers within the