The term “recession-proof” has taken on a new and important meaning in the wake of the Great Recession of 2008, a meaning that has been renewed during the pandemic. One recession-proof industry has proven to be construction. Residential and commercial real estate, roads, bridges, power and energy, hotels—each of these sectors has weathered economic storms and proven to be dependable ways for a person to support a family.
The American Institutes of Architects’ Consensus Construction Forecast predicts that nonresidential construction will grow 4.6%, while the overall commercial construction market will see a 5.4% increase. This is against market expectations of global construction gains of 3.7%, meaning the U.S. market is expected to be ahead of the curve. Moreover, road and highway construction is expected to reach $108 billion annually by 2024.
Aside from ongoing supply chain woes that have caused delays in materials delivery, one source of concern in construction is workforce shortages. Analysis from Deloitte says that labor shortages are the result of a lack of qualified candidates and a skills gap between generations in an industry growing more technologically savvy by the year.
But this does not mean there are no jobs out there—to the contrary, there are a great number of construction jobs out there, and many of them are high-paying and offer career opportunities. To that end, Stacker compiled a list of the highest paying jobs in construction in Fort Collins using data from the Bureau of Labor Statistics. Jobs are ranked based on annual pay as of May 2020. Job descriptions are from O*NET.
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