Focus — 2019 Texas Contractors Be Wary

Texas contractors had a generally strong year in 2018 and can expect a repeat in 2019. However, there are three reasons for caution: rising materials costs, an ever-tightening labor market and increasing interest rates. Nationally, construction employment increased 4.6 percent from October 2017 to October 2018, nearly triple the growth rate for total nonfarm employment, according to the Bureau of Labor Statistics (BLS)....

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