$INFRA - Major infrastructure buildout coming with governor's ambitious plans for new subway/railway from Brooklyn to Queens, first in 100 years. Reform efforts to reduce construction timelines and costs could unlock massive building opportunities.
$ROBOTICS - Construction robotics emerging with robots that can tie rebar, Caterpillar's remote operation technology allowing one operator to control 4 machines from different locations. Early stages of automation in construction industry.
$AIMODELS - AI being rapidly adopted in construction for safety monitoring, data analysis, and workflow optimization. Insurance companies requiring AI-powered camera systems, showing real ROI in reducing incidents.
Bearish:
$INSURANCE - Insurance market in New York construction is broken with carriers fleeing the market, costs 500% higher than other states. Major reforms coming that could drastically reduce insurance company revenues from construction.
$CONSTRUCTION - Construction industry facing severe headwinds: aging workforce, younger generations not entering trades, no productivity growth, materials costs stuck at pandemic highs with fuel surcharges that never go away.