Posted on 1/27/2017 10:51 AM By Maggie Murphy
In comparing new construction and commercial remodels during the course of the Great Recession, BuildFax found additions, remodels and alterations dipped 9.7 percent at their lowest point (versus pre-crisis levels), while new construction permits plunged 43 percent between 2008 and 2011.
Posted on 1/24/2017 6:26 PM By Anirban Basu
Stepping away from campaign promises and political conjecture, 2017 should be a decent year for the transportation
construction market, with the best years for spending growth still ahead.
Posted on 11/30/2016 7:40 AM By Joanna Masterson
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.
Posted on 11/30/2016 6:18 AM By Bernard Markstein
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.
Posted on 11/30/2016 6:06 AM By Anirban Basu
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.
Posted on 11/2/2016 10:54 AM By Anirban Basu
P3s are the only conceivable financial solution to America’s infrastructure deficits.
Posted on 9/23/2016 6:12 AM By Joanna Masterson
The NAIOP Research Foundation forecasts accelerated construction spending, with gains in fixed investment in office, retail, health care and distribution facilities being partially offset by cutbacks in energy-related construction expenditures.
Posted on 9/21/2016 6:15 AM By Joanna Masterson
Nonresidential construction spending growth will continue into the next year with an estimated increase in the range of 3 percent to 4 percent.
Posted on 7/7/2016 7:15 PM By Anirban Basu
While nonresidential construction spending growth struggles to maintain momentum, the balance of 2016 should prove a rewarding period for many construction companies. America’s consumer-led economic recovery remains in place, and construction backlog remains at elevated levels.
Posted on 5/2/2016 7:59 AM By Anirban Basu
Firms with better safety records are less exposed to lawsuits and claims for workers’ compensation. Trained workers are more likely to stay on the job. Better safety means fewer expenses to repair damaged equipment and reputation. And, safe companies eliminate the costs of investigation, potential workplace interruptions and impacts on morale.