Summer Still Huge Season for Construction

The summer months are the busiest of the year for the construction industry.

During the summer, many industries experience a major increase in business. One such industry in the United States is construction. The American construction industry is the second largest in the world, making up 10% of all global construction. According to the US Census, over 729,000 American construction companies bring in an average annual revenue of$1.731 trillion. The busiest time for construction companies and workers is the summer – from April to May, where the industry experiences an almost 12 percent increase in employment, which holds steady until September. The industry also sees a huge spike in hiring new employees during the summer months.

Part of the reasoning behind this spike in employment is the increased amount of construction projects during the summer. A major source of work for construction companies during the summer is construction projects on college campuses. Colleges often take advantage of nearly empty campuses to get some much-needed construction projects finished. A tremendous amount of money nationwide is spent on these projects. All the colleges in one section of one state, Southeast Michigan, are expecting to spend a combined $1 billion on construction projects this summer. Syracuse University in New York is finishing up a brand new $25.5 million building this summer, and spending an additional $18 billion on renovations to another building on campus.

With so much money being spent this summer, and such a large increase in employment, the conditions are ripe for your construction company to have a tremendously successful summer. However, the only way you can take advantage of these circumstances is with the right kind of financing. Silver Rock Funding can help get you a merchant cash advance to make your business soar. Most small business loans can be approved within 72 hours, making sure you don’t miss a single opportunity to achieve success this summer.