NSCA Forecasts 1% Growth in Home Construction and Renovations in New Report
NSCA’s Electronic Systems Outlook report has been updated for Summer 2019 and includes construction outlook information based on actual data from Q1 and Q2 of 2019, as well as a forecasted outlook for the remainder of 2019 and beyond.
This report was initially created as a response to integrators asking about market conditions and trends so they could adjust go-to-market strategies. NSCA has followed and reported on industry conditions for more than 22 years, knowing that new construction is the best indicator of the future business climate for integrators. Understanding construction put-in-place totals allows NSCA to predict patterns of slowdowns, recoveries and market/geographic changes.
Overall, the forecast for 2019 construction put in place calls for a 1 percent increase this year, in comparison to the 4 percent growth rate of 2018.
In the Summer 2019 edition, the Electronic Systems Outlook report provides an updated view of construction data by market and electronic system/technology, offering details on:
- Markets projected to do the best in terms of renovation and new construction.
- Construction forecasts for 2019 and beyond.
- Technologies growing in demand — and where growth is occurring.
- Developing a focused sales approach.
- New business opportunity potential.
“Construction numbers look especially solid in corporate and government sectors as compared to 2018,” said NSCA Executive Director Chuck Wilson. “As always, the challenge for integrators will be finding qualified staff members so they can take on new work in growing markets. NSCA continues to support the Ignite program to attract new talent to the industry and help integrators fill the pipeline with qualified — and interested — employees.”
The NSCA Electronic Systems Outlook is free for NSCA members to download. For more information about the Electronic Systems Outlook Summer 2019 report, or to join NSCA, visit www.nsca.org.