Tag: Reed Construction Data

Business

Nonresidential construction starts fall 19.5% during July as builder outlook shrinks due to increased labor, materials costs

Following an “exceptionally strong” June, the dollar value of nonresidential construction starts fell 19.5 percent during July, according to data gathered by Reed Construction Data. “A surge of project authorizations at the beginning of summer has been followed by a significant retreat,” says Reed chief economist Alex Carrick. “The latest month was a return to […]

August 20, 2014

Business

Despite slow start to 2014 and concerns, top construction economists forecast growth in spending and jobs

The outlook from respected economists in the construction industry continues to be mixed as all the elements for growth are there but several factors could limit or hurt the industry’s ongoing recovery. Bernard Markstein, chief economist at Reed Construction Data, Kermit Baker, chief economist at the American Institute of Architects and Ken Simonson, chief economist […]

April 17, 2014

Business

Three construction economists forecast growth in construction spending through 2017, note causes for concern

Giving their opinions on how they see things shaking out in the remainder of 2013 and how things will shape up for 2014, three construction industry economists painted a fairly positive picture of growth with a tinge of uncertainty, according to a report from SmartBlogs. Kermit Baker, chief economist at the American Institute of Architects, […]

October 28, 2013

Business

Construction economists: spending on slow upward march, housing has long way to go

There are several pluses and minuses in today’s construction spending front, although the overall picture is trending upwards, agreed three construction economists participating in a Reed Construction Data forecast webinar today. “Construction is growing, but it is growing unevenly,” said Ken Simonson, chief economist for the Associated General Contractors of America. Simonson sees growth in […]

May 10, 2013

Business

Reed Construction Data complies interactive map of U.S. construction market forecasts

Reed Construction Data offers a monthly look into the future with its Expansion Index. Each month the group updates an interactive map on its website that offers a 12 to 18 month “look ahead” at the construction marketplace. Using color-coded points plotted on the map, it indicates whether a location’s construction volume is expected to expand or […]

February 21, 2013

Roadbuilding

Reporter

Canadian new construction spending continues to rise As the construction sector in the United States crawls … ever soooo slowwwwwly … toward recovery, the relatively smaller market immediately to the north continues to generally churn on. Spending on new construction in Canada will rise to $301.4 billion (Cdn) by 2014, says Alex Carrick, chief economist […]

June 30, 2011