North America’s Const. to Fall Less than Expected

Source: GlobalData  GlobalData has revised its forecast for North America’s construction industry to -1.7 percent this year from the previous projection of -6.5 percent in the Q2 2020 update, as the recovery in the US residential market from the initial shock of the COVID-19 pandemic has been faster than expected.   Dariana Tani, Economist at GlobalData, comments: “The US residential market has […]

ABC’s 2020 Construction Economic Forecast

Source: Associated Builders and Contractors Associated Builders and Contractors Chief Economist Anirban Basu forecasts continued momentum for the construction sector next year but advised an overall “wait-and-see” approach based on leading and lagging indicators and economic uncertainties, according to a 2020 economic outlook published in Construction Executive magazine. Although ABC’s Construction Backlog Indicator—a leading indicator […]

Housing Forecast Reveals Trends for 2020

Source: AZ Big Media At a time when millennials are reaching key life milestones, the U.S. housing market will continue to slow in 2020 as inventory reaches historic lows and economic uncertainty prompts consumers to pull back on their spending, according to the realtor.com 2020 Housing Forecast released. The housing forecast predicts that despite some […]

Optimism for 2018 Construction Activity

By Tasha Anderson for Arizona Builder’s Exchange The level of optimism for nonresidential construction activity for 2018 is at the highest it has been in more than twenty years, according to the Wells Fargo 2018 Construction Industry Forecast report. The report is the result of an annual survey conducted amongst distributers and contractors across the […]