As we approach the end of 2024, the construction industry in Central Florida continues to show robust growth, defying trends seen in other sectors of the economy.
Florida Construction Booms Amid Growth
The infrastructure spending bill passed by Congress in 2021 is fueling increased demand for commercial construction, while the ongoing population influx into Florida drives the need for continued residential development. Multi-family construction remains robust, spurred by a shortage of rental units. Although developers have exercised caution throughout 2024, several major projects are set to break ground in 2025. Additionally, expansions of our region’s two major theme parks further boost the industry, highlighting construction’s vital role in Central Florida’s thriving economy.
Tackling Challenges in Construction Growth
The industry’s impressive growth also brings ongoing challenges. Skilled labor shortages and occasional supply chain disruptions persist, though both have gradually improved.
Encouraging younger generations to consider careers in construction rather than pursuing traditional college paths has been a slow but promising shift, with more young talent now entering the field as a viable alternative to college debt.
Upholding Integrity
in Construction
The construction industry remains a field where pride in craftsmanship, loyalty, teamwork, and perseverance flourish.
Unfortunately, a few bad actors—unlicensed contractors and some licensed ones who skirt permitting regulations—damage the public’s perception and compromise the industry’s reputation.
