Three Construction Industry Trends for 2021
Change, change, change is what we are seeing. People, process and practices are pivoting faster than ever as businesses adapt to daily changes and availability of resources. Three construction industry trends we are seeing are wearables – and not just PPE, a renewed focus on environmental impact, and single-family/ residential construction.
Single-family Construction Trends – Remote Working
Single family and residential construction are up across the board. Custom homebuilders are booked out into 2023 and beyond, as lower mortgage rates fuel individual spending power.
Another factor, and something we know a lot about at TZ Recruiting, is that people are on the move.
Working remote for many industries during the pandemic has obviously shifted typical building patterns and projections.
Many opportunities have opened up thanks to the flexibility of working from home, people are relocating out of high-cost of living locations and often heading to lower-density areas.
The residential market boom goes beyond the desire for more space for families now living and working in a shared environment. Some construction companies are also looking to downturn from large-scale mega-complexes to focus on private and residential sectors.
Wearables Trends in Construction
PPE is now a universally understood acronym thanks to COVID 19. But PPE and wearable tech is trending far beyond the face mask and is already common in many construction wearables including high-vis vests, footwear and safety glasses.
From detectors to screening the sun, and from tracking devices to being a Wi-Fi hub, what people are wearing on construction sites and in building industry environments is smart.
Wearable tech can help keep you safe, smart bandages heal you faster than ever, while respirator cartridge filters let you know when it’s time to change and breath better.
Investing in support of staying safe by what your wearing is always on trend, and one we think will continue to grow.
Building Industry has Renewed Focus on the Environment
From utility-scale solar installs to zero-carbon promises companies big and small are building toward a cleaner and safer future.
Renewable energy is not new, but what is changing is the scale. Some of this can be attributed to changing government policies but it is a complex issue. Money talks and as renewable energy tracks toward becoming cheaper than traditional fossil fuels the building industry is taking note with large construction projects that involve solar installations.
The trickle effect into the building industries is vast: Amazon has committed to 100% renewable energy by 2025, and to be net carbon zero by 2040; Balfour Beatty’s Sustainability Action Plan by 2040 includes generating zero waste; and Lowe’s is aiming for all of their wood products to be 100% responsibly sourced by 2023. Those paying attention to green building standards and sustainable efforts in the building industries need to position themselves now for exponential future growth