2017 Hurricane Impact Report
Impact Assessment of Hurricanes Harvey & Irma on Gulf Coast Construction
With major hurricanes coming ashore in the United States Gulf Coast region in August 2017, owners and contractors had to quickly determine what this would mean for their businesses and projects, because like other large hurricanes before, Hurricane Katrina (2005) left devastation and delays for weeks, even months after the storms initial landfall.
The Gulf Coast region has long been a hot bed for industrial, chemical and heavy manufacturing activity. Because of our extensive work in the region helping owners and labor providers understand craft labor risk for the non-residential construction market; we felt it was important to help provide some perspective for the industry in the aftermath of Hurricanes Harvey and Irma. In the wake of these hurricanes, we surveyed owners and contractors throughout September 2017 for their perspective of Hurricane Harvey’s impact on their company and workforce, and the broader economy.
The results were received, tabulated and expanded on within this report. The positive news in all this is that while Hurricanes Harvey and Irma have been compared to Hurricane Katrina; it appears this time the industrial construction industry was better prepared, and the damages more modest.
What you will find in this white paper:
- Pre-Hurricane Workforce Conditions… an overview of the construction industry labor market imbalance prior to the 2017 hurricanes.
- Post-Hurricane Workforce Conditions… a review of how the 2017 hurricanes impacted and already tight and imbalanced labor market.
- Measuring Post-Storm Expectations… a look into what can be reasonably expected in the wake of the 2017 hurricances.
- Closing Comments… summary of the discussion and survey results.
Download this free white paper to understand the impact of the 2017 hurricanes on the Gulf Coast region.