economics
Nonresidential building plans rebound in December
The Dodge Momentum Index, the monthly measure of the initial report for nonresidential building projects in planning, rose 3.2 percent in December, according to McGraw-Hill Construction. The December gain lifted the index to 94.9, up from November's revised 91.9. After… Keep Reading
Global construction equipment market to expand throughout decade
The global construction equipment market is expected to grow at an annual rate of 6 percent each year through 2017, according to data the Association of Leaders in Equipment Distribution (AED) recently shared. The market currently sits at $143.6 billion… Keep Reading
Construction project delays not uncommon
Eighty-three percent of construction owners are reporting project delays and 41 percent are reporting project cancellations, according to FMI's Construction Users Roundtable (CURT). Also, 93 percent of owners report having to self-fund projects. The roundtable is made up of U.S.… Keep Reading
What’s ahead?
What can we expect for the aggregates industry in 2013? Assuming both sides in Washington are able to compromise and avoid the fiscal cliff (a big assumption, I know), the year ahead looks to be a gradual move in the… Keep Reading
What’s ahead?
What can we expect for the aggregates industry in 2013? Assuming both sides in Washington are able to compromise and avoid the fiscal cliff (a big assumption, I know), the year ahead looks to be a gradual move in the… Keep Reading
What’s ahead?
What can we expect for the aggregates industry in 2013? Assuming both sides in Washington are able to compromise and avoid the fiscal cliff (a big assumption, I know), the year ahead looks to be a gradual move in the… Keep Reading
ARTBA predicts US construction infrastructure growth
The American Road & Transportation Builders Association’s (ARTBA) annual forecast suggests that the U.S. transportation construction infrastructure market will show modest growth in 2013. According to ARTBA’s forecast, this segment will increase 3 percent to $130.5 billion in 2013. The… Keep Reading
Economist expects recovery to continue into 2013
In a 2013 construction forecast released Dec. 4, ABC Chief Economist Anirban Basu predicted nonresidential construction spending to expand 5.2 percent next year, with much of the expansion coming from privately financed projects. “With the elections now behind us, the… Keep Reading
Institutional building increase boosts Dodge Momentum Index
The Dodge Momentum Index, the monthly measure of the first report for nonresidential building projects in planning, held steady in November, according to McGraw-Hill Construction. The index registered a 92.5 in November – an increase relative to October's revised 92.0.… Keep Reading
