From the category archives: Construction Markets

Construction Markets

Moderate Gains in Construction Spending Expected Through 2017

As the industry enters a more mature phase of its expansion, the 2017 Dodge Construction Outlook forecasts total U.S. construction starts will advance 5 percent to $713 billion, following gains of 11 percent in 2015 and an estimated 1 percent in2016.

Rethinking Health Care Construction

Outpatient and walk-in urgent care facilities are far less costly for organizations to construct than larger medical buildings and hospitals; therefore, these facilities are popping up in retail spaces and are most likely on short-term leases that do not require a large commitment from the organization. The increase in the number of outpatient facilities also reverts back to patient satisfaction: Patients are more comfortable seeing their doctors at an outpatient facility. 

Bipartisan Federal Legislation Is a Potential Boon for P3s

  For construction companies active in the public-private partnership (P3) or design-build arena, the bipartisan Public Buildings Renewal Act (S. 3177/H.R. 5361) represents a fountain of new work opportunities building or rehabilitating many outdated and dilapidated government-owned facilities—such as public schools, post offices, prisons, courthouses and libraries—that need to be replaced. 

Teaching the Art of Preservation

“We need to enable people to protect and preserve their histories through meaningful hands-on work. More people are coming into this field because it’s very satisfying to work on cultural preservation projects.” 

Blending the Old With the New

For those that take on the onerous and challenging work of renovating and restoring historic buildings, it is more than just a job. It’s a labor of love. At the heart of this movement is an upsurge in the desire to move near downtown areas to be close to work and home, particularly among today’s younger generation. The result is that historical buildings—brick and granite, and all the charm to match—are in high demand. This bodes well for construction companies that garner much of their revenue from preserving buildings that are a testament to the nation’s past.

2017 Regional Construction Outlook

The first half of 2016 was disappointingly slow, but signs of improvement for the second half have appeared. Employment continues to grow at a slow, but steady, pace. The overall outlook is for continued, albeit slow, expansion in the economy and the construction industry.

2017 Construction Outlook

  For now, it’s tempting to maintain a somewhat pessimistic outlook. A combination of debt accumulation and low interest rates appears to have taken asset prices above levels supported by economic fundamentals. This renders the macro-economy and that of the nation’s nonresidential construction sector somewhat vulnerable to asset price adjustments.  

A Professional Contractor’s Guide to Rotary Tools

  The latest generation of rotary tools has the speed, power and features to go from the workshop to the jobsite. Rotary tools accept dozens of different accessories for working virtually any building material, including wood, drywall, metal, plastic, tile, glass and stone, to name a few. These compact tools are ideal for use in extremely tight spaces and cramped quarters. 

Delivering Efficient Thermal Control of Concrete Curing

Benefits delivered by hydronic heating range from ensuring durability and crack-free surfaces to avoiding shrinkage and spallingin severe weather conditions. Contractors have a very efficient way to resolve their job-specific curing requirements when partnered with engineers that can provide hydronic heating expertise. 

Surety’s Impact on Emerging Trends in Public Construction

  Given the choice of security requirements, the surety market continues to provide the product with the best combined benefit for contractors and their obligee in today’s evolving construction and surety markets. 
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Rethinking Health Care Construction
Outpatient and walk-in urgent care facilities are far less costly for organizations...

Pave It Forward
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2017 Construction Outlook
For now, it’s tempting to maintain a somewhat pessimistic outlook. A combination...

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