CMD Predicts Continued Improvement for Q2 Nonresidential Construction

  • Posted on

ATLANTA, Ga. – U.S. construction starts increased 7.4 percent, higher than expected in the first quarter of 2016. On the heels of a 5.8 percent gain in 2015, nonresidential starts are tracking positively for the second quarter, according to CMD’s latest quarterly forecast report. The forecast, which combines CMD’s proprietary data with macroeconomic factors, expects a total year-over-year dollar volume increase of 7.4 percent this year, which is slightly higher than the 6.5 percent increase that was expected in the Q1 forecast. Nonresidential building structures that will see the fastest percentage gains in 2016 include office buildings, transportation terminals and … Read more

Filed under: Economic News, eNewsTagged with: ,

New Construction Starts in April Slide 8 Percent

  • Posted on

NEW YORK, New York – The value of new construction starts in April fell 8 percent from the previous month to a seasonally adjusted annual rate of $608.3 billion, according to Dodge Data & Analytics. Nonresidential building pulled back following its sharp March increase and the non-building construction sector showed improvement, with public works strengthening after its lackluster March performance. Through the first four months of 2016, total construction starts on an unadjusted basis were reported at $198.4 billion, down 12 percent from the same month a year ago. The first four months of 2015 had been lifted by several … Read more

Filed under: NewsTagged with: ,

Construction Growth Slowing, Not Stopping in 2016

  • Posted on

CHICAGO, Ill. – The copious growth of the construction industry in 2015 is fueling continued strong activity in 2016. According to JLL’s latest report on nonresidential construction activity, the rate of growth in construction is slowing—yet, starts continue at a strong pace. The catch: growth is expensive. While a welcome decline in prices for steel and some other materials is underway, high labor costs, glass prices and steep competition throughout the industry continue to prove challenging. “For financial viability, project sponsors will need to strike a balance between the lower costs for some materials, like steel, and the ever-increasing cost … Read more

Filed under: NewsTagged with: , ,

New Construction in U.S. Expected to Grow 6.5% This Year

  • Posted on

ATLANTA, Ga. – Construction starts in the United States are expected to increase 6.5 percent and total more than $560 billion in the coming year, according to CMD’s latest quarterly forecast report. An overall recovering economy, including wage and employment growth, increased state and federal spending on infrastructure projects and an improved investment outlook in nonresidential construction are contributing to the forecast. The report, which combines CMD’s proprietary data with macroeconomic factors and Oxford Economics econometric expertise, shows year-end growth came in slightly below expectation. A weaker fourth quarter depressed construction activity, leading to total construction starts growth of 3.7 … Read more

Filed under: Economic News, eNewsTagged with:

U.S. Non-Residential Construction Retreats 6.9% in December

  • Posted on

Non-residential construction starts declined 6.9 percent from November to December in the U.S., according to a new report from construction data provider CMD. December’s new construction total, $22.2 billion, was 7 percent lower than December 2014. The retreat in construction starts was only slightly higher than the construction activity typical of November to December. However, compared to the five-year average for December from 2010 to 2014, starts increased 9.2 percent. Among the three major subcategories of non-residential construction, commercial and heavy engineering/civil activity decreased 4 and 6.2 percent respectively, but by far the most dramatic change from November to December … Read more

Filed under: Economic NewsTagged with: , , ,