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Tag: construction forecast
Dealers
PCA, ARA forecasts underline steady-as-she-goes 2020 for construction—with some cautions
The two pillars of the economy — consumer spending and labor markets — remain solid, portending at least a modest growth in 2020, says Ed Sullivan, senior vice president and chief economist, PCA. “As long as you have strength in those, the economy will remain strong and you will see continued moderate economic growth. The […]
February 20, 2020
Roadbuilding
ARTBA forecast calls for modest 2015 growth
The U.S. transportation construction market will see a 3.1 percent growth from $185.9 billion in 2014 to $191.7 billion in 2015, according to a forecast released by American Road & Transportation Builders Association (ARTBA) Chief Economist Dr. Alison Premo Black. The projected growth is slightly above the anticipated growth in the overall economy. U.S. Gross […]
December 3, 2014
Business
Construction expected to grow 8% this year with “groundhog”-like growth from nonresidential
Construction industry consultant FMI has released what it calls a “cautiously optimistic” outlook for the industry in 2014 in its latest quarterly report. The report predicts construction put-in-place to grow 8 percent this year and for the next few years. “Just like the spring, despite all odds and nasty economic weather, the nation needs to […]
March 27, 2014
Business
Contractors skeptical of Tier 4 resale value, say lack of consistent work will continue driving equipment rentals
Skepticism around Tier 4 equipment and a continued lack of consistent work will contribute to continued momentum in the rental market, based on data collected by a Wells Fargo Equipment Finance survey in January. Nearly 30 percent of contractors surveyed said they feel Tier 4 equipment will have a worse resale value than previous generations. […]
February 27, 2014
Business
PCA chief economist Sullivan continues optimistic forecast; 8% cement consumption growth in 2014
Echoing his forecast at last year’s event—where he passed out sunglasses —during the first morning of World of Concrete 2014 Ed Sullivan, PCA chief economist, said that the conditions going into 2014 shore up his prediction for a “probably conservative” 8 percent growth in cement consumption. Underlying factors supporting this forecast include steady and increasing job […]
January 20, 2014
Business
AGC’s Simonson: 2014 holds more projects and tame materials prices but also continued worry over the labor shortage
More projects to bid, “tame” materials prices and an increased concern over the availability of labor and skilled workers are what contractors can expect in 2014, according to a recent blog post by one of the construction industry’s leading economists. Associated General Contractors of America Chief Economist Ken Simonson writes that in 2014 contractors will […]
January 8, 2014
Roadbuilding
Release of Nationwide Construction Employment and Business Forecast for 2010 at 1 p.m. EST Jan. 20
On Wednesday, Jan. 20 at 1 p.m. EST, the Associated General Contractors of America will release its construction employment and business forecast for 2010 during a media conference call at (888) 299-4099 (verbal pass code VT64810). The forecast will include the estimated percentage of construction companies planning to hire or lay people off during […]
January 15, 2010
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