Dive Brief:
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After a lean few years, demolition contractors reported 2013 revenue that met or exceeded 2013 earnings, according to the National Demolition Association.
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Still, NDA Executive Director Michael Taylor told Construction & Demolition Recycling magazine, activity has slowed over the last six months, and competition for jobs has become stiff.
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He predicted it could take 10 years to recover from the hit the industry took during the recession.
Dive Insight:
Not only are fewer demolition jobs to be had, but more non-demolition contractors have entered the specialty as work in other construction fields dried up during the downturn. The industry, like construction is general, also is suffering from a loss of skilled labor to the oil and energy industries.