I’m in West Michigan, and work for a civil engineering firm where I do mostly private development projects. Multi family residential and industrial projects are still piling up, waiting to get designed and built. Not so much commercial.
I don’t understand it, and neither do some of our clients, but it’s pedal to the metal for some reason. Makes me wonder if they instinctively, or by some other means, think/know that it’s only going to get worse; make hay while the sun shines.
We have one client that only builds (with cash) large mfg facilities when things are at their lowest and about to rebound. Haven’t seen them lately, but I’m watching for them.
We have one client that only builds (with cash) large mfg facilities when things are at their lowest and about to rebound. Haven’t seen them lately, but I’m watching for them.
That is a good indicator!