residential construction
Firm: Construction starts climbed 6 percent in 2013
New construction starts in December grew 5 percent to a seasonally adjusted annual rate of $554.5 billion, according to McGraw Hill Construction, a division of McGraw Hill Financial. Although both nonresidential building and housing settled back during the final month… Keep Reading
FMI still sees 2014 construction growth, yet its forecast is tapered
FMI forecasted growth in both residential and commercial construction for 2014 upon releasing its third-quarter construction outlook, but the management consulting and investment banking organization reined in its expectations based on recent market developments. As part of its Q3-2013 Construction… Keep Reading
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
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
Nonresidential building carries new construction starts in May
New construction starts in May advanced 5 percent from April, according to McGraw Hill Construction. Much of the upward lift came from nonresidential building, which registered moderate growth for the second straight month after a sluggish performance at the outset… 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
Construction industry adds jobs as unemployment rate falls
Construction employers added 17,000 jobs in October while the construction industry's unemployment rate fell to 11.4 percent, according to an analysis of new federal data released by the Associated General Contractors of America (AGC). Association officials noted that total construction… Keep Reading
Construction-put-in-place expected to top $1 trillion in 2014
With construction put in place (CPIP) at the end of 2012 expected to be between $826 and $884 billion, researchers at FMI are predicting CPIP growth rates to be slightly ahead of GDP in 2013 and 2014. This would place… Keep Reading
