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Section: Business > Industry Trends
Business Services
10 Construction Industry Trends for 2017
Construction Dive spoke with experts from various construction sectors to get their predictions on the new technologies, project delivery methods and workforce management trends that will shape the industry this year
January 3, 2017
Construction Dive delves into the top 10 predicted trends for the construction industry in 2017.
Business
2017 Economic Outlook Forecasts 3% Growth In Equipment and Software Investment
Construction machinery investment is one of the sectors expected to improve
December 13, 2016
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Business Services
Construction Backlog Expands in Q3 Following Two Quarters of Decline
Overall backlog expanded to 8.7 months, up 2% from the second quarter and 2.2% (0.2 months) on a year-over-year basis
December 13, 2016
Overall backlog expanded to 8.7 months, up 2% from the second quarter and 2.2% (0.2 months) on a year-over-year basis.
Business Services
ABC: Modest Growth for Nonresidential Construction in 2017
ABC predicts modest growth in construction spending and employment while cautioning contractors may be vulnerable to rising commodity prices and potential interest rate increases next year
December 12, 2016
“The U.S. economy continues to expand amid a weak global economy and, despite risks to the construction industry, nonresidential spending should expand 3.5% in 2017,” said ABC Chief Economist Anirban Basu.
Construction News Tracker
[VIDEO] Conditions Shaping up for a Q4 Multifamily Housing Boom
Despite a positive Q4 outlook in multifamily housing growth there is strong belief it will ease back come mid 2017 as new inventory is released; plus more construction industry news on the December 8, 2016, edition of Construction News Tracker
December 8, 2016
[VIDEO] Conditions Shaping up for a Q4 Multifamily Housing Boom
Financing, Insurance & Leasing
2017 Housing-Market Strength to be Challenged by Rising Mortgage Rates
October starts surge and financial markets’ post-election strength lift Wells Fargo’s 2016, 2017 and 2018 housing-starts forecasts even as falling home affordability shifts dynamics
December 7, 2016
October’s housing-starts surge caused Wells Fargo to slightly boost its 2016 housing-starts forecast, and raise its 2017 forecast to 1.17 million units and its 2018 forecast to 1.22 million units.
Concrete Equipment & Products
Concrete Homes in Residential Construction
For one foundation and wall contractor, developing awareness and acceptability for fully encapsulated residential concrete structures is achievable.
December 6, 2016
Lance Anderson is setting his sights on making concrete homes an acceptable form of residential construction vs. traditional wood frame built homes.
Business Services
Residential, Public Gains Offset Drop in Private Nonresidential Construction Spending in October
Public construction spending jumped 2.8%, residential spending was up 5.7% but private nonresidential spending dropped 2.1% for October 2016
December 2, 2016
Business Services
Construction Industry Job Growth Accelerates, Adds Jobs for Third Consecutive Month
The U.S. construction industry added 19,000 net new jobs in November, and industry employment is up 2.4% year-over-year
December 2, 2016
The skilled labor shortage appears to be impacting nonresidential activity more than residential. The nonresidential sector added 1,100 net new jobs in November, while the residential sector added 19,600 positions.
Business
2017 Asphalt Road Building Industry Forecast
Industry experts gather to predict what 2017 holds for the asphalt road building industry
November 28, 2016
Mike Acott, president, National Asphalt Pavement Association (NAPA)
Business Services
Construction Industry May Experience Slowdown in 2017
A combination of the labor crunch and the rise of material and labor costs could create significantly slower growth by the end of 2017
November 28, 2016
Construction spending in June through August is up 1% this year, reaching a cyclical high, but depicts significantly less growth than in prior years. With all property type vacancies remaining low, and a large volume of projects under construction, we can expect similar spending growth leading through mid-2017.
Business
Construction Materials Costs Rise for First Time in Two Years
A tightening labor market is resulting in stronger wage growth but also higher construction costs
November 21, 2016
The headline current IHS PEG Engineering and Construction Cost Index registered 50.7 in November, up from 48.7 in October. Strength was evident in labor markets, though not in materials or equipment prices, which continued to see pockets of weakness.
Business
Dodge Data: President-Elect Donald Trump Likely to Be a Plus for the Construction Industry
A background and experience in construction and real estate development could help President-elect Trump understand the important role construction plays in the growth of the economy
November 17, 2016
Under a Trump administration, Dodge Data & Analytics economists expect federal, state and local infrastructure investment will grow.
Business
Forecast: ConstructConnect Lowers 2016 Construction Starts Forecast, Raises 2017 Outlook
ConstructConnect raises 2017 construction starts forecast from 6.2% to 6.8% despite lowering the 2016 forecast by more than one percentage point
November 8, 2016
Business
Total US Construction Spending Softens Further in September
US construction industry ends the third quarter whimpering after a second down month, as declining nonresidential and public investment offset gains in private residential spending
November 1, 2016
A three-month moving average of the year-over-year percentage change in these private nonresidential construction sectors points to the industry's strengths and weaknesses.
Business
NY Construction Spending Forecast to Hit Record High in 2016
NYC construction spending forecast to reach $43.1 billion in 2016 — a 26% increase from 2015 and the first time spending will have eclipsed $40 billion in the city
October 26, 2016
Business Services
New Construction Starts Forecast to Increase 5% in 2017
Dodge 2017 Outlook Report predicts moderate growth for most project types while multifamily housing levels off and electric utilities/gas plants decline
October 24, 2016
The 2017 Dodge Construction Outlook report predicts that total U.S. construction starts for 2017 will advance 5% to $713 billion, following gains of 11% in 2015 and an estimated 1% in 2016.
Business
Construction Contractor Confidence Drops Despite Predictions of Industry Growth
Sales and profit margin expectations fell but staffing level intentions rose on ABC's Construction Confidence Index
October 13, 2016
CCI is a diffusion index. Readings above 50 indicate growth, while readings below 50 are unfavorable. The following chart reflects the distribution of responses to ABC’s most recent surveys.
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