In the wake of COVID-19, the real estate and residential development industry is experiencing some uncertainty. Rising construction costs, emerging markets, and varying regulatory requirements alongside when to hire and prepare for new projects are all current industry strains.
As of recent, news reports have shown that the time to hire is now. Companies need to prepare for the soon-to-be-surge. In late March 2020, the Department of Homeland Security announced that it had designated construction of multifamily and single-family housing as an “Essential Infrastructure Business,” meaning that development will continue in places under stay-at-home orders.
A healthy housing market is critical to maintaining a sound economy. Americans depend on a robust residential construction sector to provide affordable, safe housing, and this need is especially acute during this pandemic. According to a new study from the National Association of Home Builders, the housing industry is positioned to lead U.S. economic rebound.
The Housing Industry Is An Essential Infrastructure Business
Before the coronavirus pummeled the economy, housing was on the rise with January and February new home sales numbers being the highest since the Great Recession. We expect that housing development will play its traditional role of helping to lead the economy out of recession when the pandemic subsides.
Get ready for a surge. The construction of single-family and multifamily housing will soon be in very high demand. Residential development companies that proactively prepare for post-COVID-19 projects will come out exponentially stronger than competitors. Right now, more than ever, it is necessary to hire proven and top-performing talent. Accomplished, creative, high-performing professionals capable of turning challenges into growth for a real estate enterprise.
The right talent keeps operations resilient and competitive. Now is the time to proactively make sure you won’t be affected by a talent shortage. We are your solution to finding knowledgeable and experienced talent. The Newport Group is positioned to help you find the expertise you need to weather any storm.
We Have Your Blue-Chip Talent
The Newport Group is a leading executive recruiting firm with expertise in numerous industry verticals. We deploy proprietary data sets and meticulous processes to identify, recruit, place, and help retain blue-chip talent at leading companies nationwide. Turn the challenges ahead into competitive advantages alongside our help. Roles we’ve placed include Corporate Officers, Divisional Presidents/Vice Presidents, Operations, Sales, Finance, and Purchasing-Procurement.
Our team of recruiters is active in all sectors of real estate development, including production homebuilding, multifamily, commercial, retail, and land. Construction verticals include commercial, civil, utility, pipeline, infrastructure, as well as environmental consulting and remediation. Additional expertise covers IT sectors, including healthcare IT. Ever strategic in our approach, we present talent that aligns with our clients’ strategic objectives. Learn more about us here.