Essay on Challenges Faced By The Construction Industry

2178 Words Nov 9th, 2016 9 Pages
Introduction:

From a new company entering the construction industry to a company that has been around for decades, the industry can be a terrifying experience filled with losses or it can be an exhilarating and profitable career. The following information is to address the challenges and opportunities that the construction industry is facing today. The construction industry is an extremely dynamic and diverse industry with constant shifting of the market and resources. There are multiple challenges facing small to large size companies that dramatically affect the operations of our industry. The challenges that will be discussed in this paper will be the shortage of labor and skilled workers in the industry, the struggles to retain quality employees in the company, and the strict government and safety regulations that can sometimes completely shut down a company or severely hamper their ability to continue to be profitable. There are fewer than expected opportunities available to the construction industry that can help provide growth and sustainability for a company. In this paper, we will be discussing opportunities such as what Smart Home technology is going to bring to the table sooner rather than later, and the opportunity for growth through the student and mixed-use housing development market. Our argument throughout this paper is that as one of the largest occupational fields in the United States, the construction industry is continuing to experience unique challenges…

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