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Tag: forecast
Business
Construction starts forecast to drop 4% in 2020 according to new Dodge Outlook
Construction starts will fall 4 percent in 2020 in the United States in an “orderly pullback,” but there will be no recession, forecasts Dodge Data & Analytics. The firm’s 2020 Construction Outlook, released today, cites trade fights and a labor shortage as the main causes for the construction decline. The decline, however, will be nothing […]
October 31, 2019
Dealers
ARA reduces rental forecast but still expects steady 4-year growth
The slower growth is attributed to the ongoing trade war with China and fading stimulus benefits from the tax cuts signed by President Trump in 2017.
February 21, 2019
Construction Equipment
Cat sales jump 20% in 2018: Record profit per share, but stock dives
Despite the good news, Caterpillar also saw a 9% plummet in its stock on Monday, January 28, 2019. Get the latest news from Caterpillar on Equipment World.
February 3, 2019
Dealers
Short term and long term, rental remains power player
The strong 3Q reports from Herc Rentals, H&E Equipment Services and United Rentals serve to underscore a recent forecast by the American Rental Association (ARA). Updating its five-year forecast, ARA says it expects equipment rental revenue to grow at a compound annual growth rate (CAGR) of 4.7 percent between 2017 and 2021. This forecast has changed […]
November 21, 2017
Business
AGC forecast promises mixed outlook for 2013 U.S. construction
2013 should be a better year than 2012 for construction firms, but not necessarily a great one, said Ken Simonson, chief economist for the Associated General Contractors of America, in a conference call detailing the results of the association’s forecast on construction hiring and business. There are bright spots in certain sectors, said CEO Stephen […]
January 14, 2013
Business
ARTBA predicts modest growth for transportation construction in 2013
The American Road and Transportation Builders Association’s (ARTBA) 2013 United States Transportation Construction Market Forecast predicts modest growth in 2013, with the construction infrastructure market seeing a 3-percent increase from $126.5 billion to $130.3 billion. The majority of this growth is expected to come from highway and street pavements, private work for driveways and parking […]
December 17, 2012
Business
ABC: modest recovery of nonresidential construction continues in 2013
Associated Builders and Contractors (ABC) has released its 2013 economic forecast for the United States commercial and industrial construction industry, which shows the continuation of a modest recovery for nonresidential construction next year. Anirban Basu, ABC’s chief economist, said ABC expects nonresidential construction spending to increase 5.2 percent in 2013 due to the large reductions […]
December 5, 2012
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Total construction will be down in 2009 (13 percent), 2010 (7 percent)
According to “FMI’s Construction Outlook: Second Quarter 2009” report, the forecasts total construction in 2009 and 2010 will be down 13 percent and 7 percent, respectively. “Last quarter the outlook for construction was described as just plain ugly and unfortunately, this still holds true,” notes FMI in a press statement about the release of its […]
January 6, 2010
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