CMD Predicts Continued Improvement for Q2 Nonresidential Construction

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

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