The 2019 Northeast Ohio Real Estate and Construction Survey Report Is Now Available
By Roger Gingerich, Partner, Tax & Business Services
The results of the Marcum 2019 Real Estate and Construction Survey are now available.
The survey, which was distributed to contractors, real estate owners, managers, developers, service providers and more, asked respondents to weigh in how their companies performed over the past 12 months and what they expect in the year ahead.
Our 12th annual survey, conducted from February through March 2019, resulted in a record number of responses this year. Survey topics included:
- Skilled labor shortage challenges
- Material price volatility
- Opportunity Zones
- Lending environment
- Cash flow
- Revenue recognition requirements
- Project backlog
- Impact of tax reform
- Growth opportunities
Overall, respondents continue to feel optimistic about growth in their markets, but the cautious optimism we reported in 2018 has increased in 2019. Without a doubt, answers to the continued labor shortage are desperately needed in Northeast Ohio, and throughout the nation. Our survey report includes an article on proactive approaches to begin resolving this problem.
Do you have questions about the 2019 real estate and construction survey, or other real estate and construction issues? Please contact Roger Gingerich, CPA/ABV, CVA, CCA, at 440-459-5725 or [email protected].