Construction companies have seen steady profit and sales growth recovery since 2009, but 2013 figures indicate their rate of growth is slowing, according to data from the financial information company Sageworks.
Despite some signs of slowed growth in the beginning of 2014, construction-related industries continue to expand more quickly than other sectors. “In the last 12 months, private contractors have successfully grown revenues by an average of more than 12 percent, which has consequently also improved profitability,” said Sageworks analyst Libby Bierman.
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