December 2022 Update

Posted on by FTC in Uncategorized Comments Off on December 2022 Update

2022 has been a stellar year for the construction industry as a whole, despite the astronomical increases in material prices in the 1st and 2nd quarters.  The Commercial Industry is continuing to show strength into the 1st and 2nd quarter of 2023 with Commercial Repurposing leading the way.  Residential Multifamily is showing no signs of slowing anytime soon due to demand in housing, while the Single Family and Track Work are looking weak due to recent interest rate increases and an inflated housing market leaving many potential buyers unable to qualify for mortgages.  Supply issues continue to be mildly problematic for the industry as a whole, with advanced planning being more important than ever.

Here at FTC, we have continued building new relationships with some of Southern California’s premiere Contractors such as Savant Construction, Moorefield Construction, Ed Grush GC, Patterson Construction and Vertex Builders.  We have also continued to serve AJ Padelford & Son, Coastline Development & Ellis Contracting to name a few.  Our primary focus in 2022 has been Commercial Repurposing and Facade Remodel work, with an emphasis on Supermarkets & Restaurants, hopefully positioning ourselves well for a prosperous 2023.


Posted on by FTC in News Comments Off on Greetings!

Q3 has ended and we are in the final stretch of 2013!

Typically a slow time of year in the industry, low interest rates seem to be a key factor in the continued steady pace of the industry. Lumber has seen a 30% rise since June 2013 and the upward trend shows no signs of slowing in the short term with another 10% rise expected by end of Q1 2014 according to futures. Despite the continued upward tick of commodities we anticipate continued modest growth and remain optimistic for the short term.

We are proud to announce that Gelson’s Market in Long Beach is now complete and opening date is set for November 7th. We are thankful to have had the opportunity to work with AJ Padelford & Sons on this project. We have also completed our scope of work at TJ Maxx in La Cañada, Vallarta Burbank, Public Storage Silverlake and have begun 99 Ranch Market in Corona.

Currently, we are in negotiations for a handful of relatively sizable projects that could fill our books through June of 2014. Details forthcoming.

FTC will soon be working with Ellis Contracting to bring yet another Which Wich Sandwich shop to So Cal in the City of Pasadena.

In closing, from FTC to all of our friends and clients, we wish you all safe and Happy Thanksgiving!