nonresidential construction
Report: Asphalt demand to rise each year through 2017
Demand for asphalt in the United States is forecasted to increase 3.7 percent annually to 27.9 million tons in 2017, according to a Freedonia Group Inc. report. Demand is expected to advance from its low 2012 base, spurred by growth… Keep Reading
Nonresidential construction given a slight boost
FMI released its third-quarter Nonresidential Construction Index (NRCI) report, as panelists gave nonresidential construction a 0.2-point improvement over the second quarter for a score of 60.3. The score is the NRCI index's highest since the first quarter of 2009. According… Keep Reading
July construction recedes
New construction starts in July decreased 2 percent to a seasonally adjusted annual rate of $479.1 billion, according to McGraw-Hill Construction. July statistics lowered the Dodge Index to 101, down from a revised 103 for June. The nonbuilding construction sector,… Keep Reading
FMI’s latest index another good sign for nonresidential construction
FMI's nonresidential construction index climbed 2.6 points in the first quarter this year to reach the 58.1 mark. The 4.5 percent increase is the result of bright spots in the economy, including a positive outlook on hiring. According to FMI,… 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
Nonresidential construction index rises slightly
FMI's Nonresidential Construction Index (NRCI) is up less than one point from last quarter to 55.5. FMI panelists attribute the uptick in nonresidential construction to optimism over the national and local economies. Still, FMI's panelists are hesitant about the economic… Keep Reading
Green building outlook strong despite soft economy
The U.S. green building market continues to accelerate, according to McGraw-Hill Construction's 2013 green construction outlook report. Green building has grown from $10 billion in 2005 to $78 billion in 2011. In 2012, the total market for non-residential and residential… Keep Reading
Near double-digit growth in works for construction put in place
FMI is forecasting an 8 percent increase in total construction put in place for 2013, attributing the forecast to more robust growth in residential construction and a few strong markets in nonresidential and non-building construction. According to FMI, private markets… Keep Reading
