Majority of U.S. construction firms to grow payrolls in 2017

Despite concerns over a shortage of workers, many construction companies across the country plan to hire more employees in the new year.

According to a press release from the Associated General Contractors of America, 73 percent of construction firms will add more workers to payrolls in 2017 in an effort to meet the anticipated demands of both the private and public sector. These figures come from a recent survey conducted by the association.

In addition to the challenge of finding skilled construction workers, many companies cited increasing regulatory and health costs as additional hurdles.

However, the majority of contractors anticipate a strong construction market for the year, with 46 percent of survey participants forecasting a higher dollar volume of proposals when compared to 2016.

"Contractors have relatively high expectations for 2017 as they predict the economy and demands for all types of construction will grow," said Stephen Sandherr, chief executive officer of the AGC of America. "As a result of this optimism, many firms expect to expand their headcount next year."

In Florida, the transportation segment of construction is expected to grow, according to ABC Action News. A 60 percent increase in transit, airport and railway construction is anticipated across the state, while a 36 percent growth in highway construction projects is expected this year as well.

Contractors have already begun to try to meet this demand, according to the source. The Florida Department of Transportation has held two job fairs so far this month, advertising a variety of construction employment positions.

A new study reveals that most construction firms plan to grow their payrolls in 2017.