By Kate Lasky, associate corporate attorney and John Parker, legal department manager, NBIS
With the construction market suffering record lows during the economic recession, many are wondering what the prognosis is for the industry and whether there are any areas of the construction market that are growing despite the poor economy. Although the improvements in the market are slight, there are some signs of growth and certain segments are doing particularly well, even in these tough times.
Although residential building still has a way to go, commercial building and non-building construction is slowly making a comeback. Green construction in any of these areas continues to expand rapidly and maintain its place as the new, “hot” construction trend. By educating oneself in green construction, and making oneself available to this rapidly expanding market, the immediate future can be brighter.
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