As a homeowner, you may have spent countless hours perfecting the interior of your home – selecting the perfect furniture, adding decorative accents, and ensuring every room is comfortable and welcoming. However, it's important to remember that the exterior of your home is just as important as the interior. The exterior is the first thing people see when they approach your home, and it sets the tone for the entire property. In this guide, we'll explore why the exterior of your home is so important, and provide tips on how to improve its overall appearance and functionality. Whether you're looking to boost your home's
As a homeowner, you may put a lot of effort into making sure the interior of your home is perfect. However, it is important to remember that the exterior of your home is just as important. The exterior of your home is the first thing people see, and it can make a big impression. This is why curb appeal is so important. Curb appeal refers to the attractiveness of your home's exterior when viewed from the street. It includes everything from the landscaping to the color of your front door. A home with good curb appeal is more likely to sell quickly and for a higher price than a
As a homeowner, it's easy to focus on the interior of your property. After all, it's where you spend most of your time. However, if you're looking to create a welcoming space that reflects your personal style and makes a great first impression, it's essential to consider the exterior of your home as well. The exterior of your home is the first thing people see when they visit, and it sets the tone for their entire experience. It's also the first thing you see every time you come home. A well-maintained exterior can create a sense of pride and joy every time
As a homeowner, you may have put a lot of effort into designing and decorating the interior of your home. You may have invested in high-quality furniture, artwork, and accessories to create a comfortable and inviting living space. However, have you considered the importance of your home's exterior? The truth is, the exterior of your home is just as important as the interior, if not more so. First impressions are crucial, and your home's exterior is the first thing that people see when they visit or even just drive by. The way your home looks from the outside can greatly impact the way people perceive
As a homeowner, it's natural to focus on the interior of your home. After all, this is where you and your family will spend the majority of your time. However, it's important not to neglect the exterior of your home. In fact, the exterior is just as important as the interior, if not more so. Here's why: First impressions matter. When someone pulls up to your home, the first thing they'll notice is the exterior. A beautiful exterior can make a great first impression and set the tone for the rest of the visit. Curb appeal adds value. If you
As a homeowner, it’s natural to want your home to look its best both inside and out. However, many people tend to focus solely on the interior of their home, neglecting the exterior aesthetic. The truth is, the exterior of your home is just as important as the interior, if not more so. Here’s why: First impressions matter: The exterior of your home is the first thing people see when they visit or drive by. It’s what sets the tone for the rest of your property. A well-maintained exterior can create a positive first impression, while a neglected or uns
If you're a homeowner, you understand the importance of maintaining the interior of your home. But have you ever considered the impact that the exterior of your home can have on its overall beauty and value? In fact, the exterior of your home is just as important as the interior. This is why exterior maintenance is key to building a beautiful home. Your home's exterior is the first thing that people see when they approach your property. It's the first impression that your home makes, and it can set the tone for the rest of your property. A well-maintained exterior can make your home look
As a homeowner, it is important to understand that the exterior of your home is just as important as the interior. It is the first thing people see when they arrive, and it sets the tone for the rest of the home. A well-maintained exterior can also increase the value of your property and make it more attractive to potential buyers. One of the first things you should consider when trying to improve the exterior of your home is the landscaping. A well-manicured lawn, trimmed bushes, and colorful flowers can instantly make your home look more inviting. Consider adding some outdoor lighting to highlight your
Whether a recession hits the economy in the near term remains under debate, but industry experts suggest now is the time for construction firms to prepare to weather a slowdown.
That means contractors should know which sectors are expected to fare the best during a downturn and to make sure they have plenty of recession-resistant work on the books.
Construction leaders “ought to look at what are the segments of work that are more likely to be reliable in an economic downturn and are their firms well positioned to take advantage of that work,” said Brian Turmail, vice president of public affairs and strategic initiatives at the Associated General Contractors of America.
Publicly funded or subsidized construction projects will remain the safest bet for contractors in a downturn, said Turmail. Public buildings like schools and healthcare facilities should also be insulated from a downturn, said Richard Branch, chief economist for Dodge Data & Analytics.
For example, California is set to receive $9.2 billion from the Infrastructure Investment and Jobs Act, with 250 specific projects identified for funding. That includes $8 billion for investment in roads, bridges, public transit, ports and airports. Texas will receive $8 billion, with 260 specific projects identified for funding.
The White House released fact sheets earlier this month detailing the rest of the progress of the IIJA. By next year, those funds should be dispersed to contractors, said Nick Grandy, construction and real estate senior analyst at RSM US, a Chicago-based audit, tax and consulting firm.
“IIJA funds are slated to flow to the majority of programs by the end of 2022,” said Grandy. “Meaning the valve will open up to infrastructure contractors in 2023.”
Turmail added contractors could consider targeting areas of the country where electric vehicle plant construction is booming, especially off the back of the passage of the $52 billion CHIPS Act and the Inflation Reduction Act.
“It’s safe to assume that there will be a lot of economic activity around the places where electric vehicles and their components are being manufactured,” said Turmail. “Places like Tennessee, Kentucky, Georgia [and] Texas are places that have a lot of EV activity. Those markets are likely to still have strong demand for a range of related construction activities even in a downturn.”
On the flip side, non-infrastructure related work, particularly private construction, will sustain the brunt of any economic slowdown. Some sectors are already struggling due to lingering effects of the COVID-19 pandemic.
Spending on office and hotel projects, for instance, has gone down significantly since the start of the pandemic, according to the U.S. Census Bureau data. For example, Amazon paused construction in July on five office tower projects and will hold off on plans for a sixth in Bellevue, Washington.
Indeed, while the question of whether and when a recession will take place is still unanswered, if it does happen, “the pain point will come from the private sector,” said Turmail. Commercial contractors that work in the private sector will be at the mercy of their client’s budgets, added Grandy.
“The largest pain points for contractors, if we entered a sustained recession, would likely be dependent on how diversified their projects are across various sectors,” said Grandy. “Nonresidential, aside from infrastructure, will again be dependent on allocation of the contractor’s portfolio.”
Branch said most commercial segments could see an outright decline in construction.But one potential bright spot on the private side is manufacturing, which should continue its solid performance.
Branch said the manufacturing sector is “likely to not see significant deterioration” in its current growth trajectory. Since the start of the COVID-19 pandemic, manufacturing building has grown 21.6%, according to the U.S. Census Bureau data.
For this reason, he said construction firms should “find those spaces where you can ride out the storm.”
Original article: The most recession-proof sectors for construction
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