CPA & Business Advisory Blog

Snapshot: A look at the construction and real estate industry

This year marked the fifth edition of the Skoda Minotti Real Estate and Construction Group’s surveys of the Northeast Ohio Real Estate and Construction industries. The following is an overview of the survey highlights, but feel free to click here to download the complete survey results.

Construction summary
One good overall gauge of the Northeast Ohio construction industry comes from the question, “What do you see as the biggest threat to your business over the next 12 months?” While the number one answer was again “lack of work” as it has been each year of our survey, this year, only 36% of respondents selected that choice. That is the lowest percentage since we started the survey. While this number was certainly influenced by some of the mega-projects that occurred over the last year, it has been trending downward since “lack of work” was selected by 81% of respondents in 2009.

Click here to read the rest of the summarized construction survey results.

Real Estate summary
This year, 73% of our real estate respondents felt that they will have “more opportunities” in Northeast Ohio over the next three years. Although this seems like a positive sign, the response fell this year from a high of 81% in 2011.

Click here to read the rest of the summarized real estate survey results.

Click here to read the entire summary of Skoda Minotti's 2012 Real Estate and Construction Survey

For more information on our Cleveland real estate and construction accounting services contact
Roger Gingerich by leaving a message below or by calling 440-449-6800.

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