What the new administration means for construction
As the dust settles on one of the most exciting and surprising elections in recent memory, many people are wondering what's next. We'll leave the speculation on social issues to the pundits and media since they did such a good job leading up to the election.
As for the construction industry, many groups view the Trump administration in a favorable light. Trump promised to "at least double" the $275 billion commitment Hillary Clinton made to investments in infrastructure, and at one point referenced a $1 trillion "plan." His most recent post to his website touts a $550 billion plan. Trump's plans will no doubt be boosted by the approval of many state level infrastructure bonds, including passage of the $9 billion California Prop 51 for new school construction.
And no doubt, many of the regulations passed or approved under President Obama will get heavily scrutinized with an eye towards more business-friendly policies. But don't expect the sweeping repeal of regulations promised on the campaign trail as the GOP still does not have the 60 votes needed to pass legislation out of the Senate.
We do expect to see Trump revisit the Keystone XL project as well as other energy policy decisions with a goal of greater energy independence. It will also be interesting to see to what degree Trump embraces public private partnerships to help fund his ambitions plans.
As for our part, more construction activity is certainly good news. And we will continue our efforts (through our 5 in 5 initiative) to educate end users about more efficient processes like modular construction to help grow our market share.
Be sure to attend our annual World of Modular Conference from March 17-20, 2017 in Tucson, Arizona to learn more about the state of our industry.
Started on November 21, 2016 by Tom Hardiman