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NYC Residential Construction Permits Drop 94% in January

Only 453 units of housing were approved for construction last month, which is lower than the monthly average of 500 units during the weakest year for permits during the financial crisis

February 22, 2016

Only 453 units of housing were approved for construction in New York City by the Department of Buildings last month compared to more than 1,500 units in January 2015.

Rental Association Forecasts 6.6% Equipment-Rental Growth in 2016

Despite 2015 slippage in the Rental Penetration Index, ARA and IHS Economics expect rental revenues growth to continue overcoming energy-industry softness through 2017

February 22, 2016

“The residential construction market is expanding and, in some markets, housing literally cannot be built fast enough and new home prices are rising. Nonresidential construction also is growing strongly. Commercial construction growth will fall from double digits to high single digits, but remains fundamentally strong,” said Scott Hazelton, managing director of IHS Economics at ARA's review of rental metrics at The Rental Show 2016.

Softening 2016 Construction Growth Won’t Dampen Rental Outlook

The economy’s slow start to 2016 will moderate construction expectations for the year but economists agree that virtually all segments will continue to grow

February 19, 2016

American Institute of Architects’ (AIA) semi-annual Consensus Construction Forecast

Nonresidential Construction Market Momentum to Continue

Forecast is projecting that spending will increase just more than 8% in 2016, with next year’s projection being an additional 6.7% gain

February 12, 2016

American Institute of Architects’ (AIA) semi-annual Consensus Construction Forecast

Gilbane Forecasts 9.7% Construction Spending Growth in 2016

Nonresidential buildings construction expected to leap 13.7% in the coming year, helping propel total construction spending to 30% growth over the three years from 2014 to 2016

February 9, 2016

From the middle of Q1 2016 to the end of Q3 2016, construction spending will register an annual growth rate of 20%, but due to the dips at the beginning and the end of the year 2016, total construction spending growth will come in at 10%.

CMD: US Construction to Grow 6.5% in 2016

Several factors leading to more construction starts including wage and employment growth, increased state and federal spending on infrastructure projects and an improved investment outlook in nonresidential construction

February 4, 2016

Construction starts in the United States are expected to increase 6.5% and total more than $560 billion in the coming year, according to CMD’s latest quarterly forecast report.

Construction News Tracker

[VIDEO] What Housing Starts Growth Means for Construction Industry

Housing industry will continue to expand in 2016 by an estimated 136,000 units, the best growth since 2007; plus more construction industry news in the February 4, 2016, edition of construction news tracker

February 4, 2016

[VIDEO] What Housing Starts Growth Means for Construction Industry

Global Construction Industry Growth Expected to Accelerate Slightly in 2016

Pace of increase expected to edge up to 2.8%, supported in part by an improvement in global economic growth

January 26, 2016

Construction Materials Costs Register Weak Performance

Many construction materials have turned in distressingly weak performances of late

January 25, 2016

The price of cement (Graph 3), after a small crater in 2011 and 2012, has moved higher and is now 6.7% year over year and 0.3% month over month.

2016 Construction Industry Forecast from Wells Fargo Equipment Finance

Wells Fargo Construction

Wells Fargo releases its 2016 Construction Industry Forecast

January 19, 2016

Hiring in Homebuilding Sector Accelerates

November reflected the largest single increase in residential construction employment growth during the post-recession period

January 12, 2016

Over the last 12 months home builders and remodelers have added 137,000 jobs on a net basis. Since the low point of industry employment following the Great Recession, residential construction has gained 547,700 positions.

6 Resolutions for Construction Business Growth in 2016

Often, the best resolutions are those set with personal and/or professional growth in mind.

January 11, 2016

2016 Forecast for the US Construction Industry - Part 1

Industry economists share their insights on what lies ahead for general building trends and labor and material costs over the next 12 months.

January 11, 2016

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Single-family Residential Construction Spending Up, Multifamily Spending Decreases

Single-family construction spending up 0.6% for November while multifamily spending decreased 0.7%

January 5, 2016

Annually, the pace of multifamily is up 25% from the October 2014 estimate, and spending on single-family construction was 9% higher.

10 Construction Industry Trends for 2016

Construction industry experts predict 10 trends the industry should keep an eye on in 2016

January 4, 2016

Experts share 2016 construction industry trend predictions including new technology trends, workforce concerns and homebuyer preferences.

South Records Highest Level of Construction Backlog in History

The national backlog sits at 8.5 months while the South has reached a 10.3-month construction backlog

January 4, 2016

“The most recent backlog indicator strongly suggests that construction volumes will continue to recover. Unlike prior years, both the private and public sectors are now contributing to spending growth,' said Associated Builders and Contractors Inc. Chief Economist Anirban Basu.

Fed Ends Zero-Rate Era; Signals 4 Quarter-Point Increases in 2016

Federal Open Market Committee set the new target range for the federal funds rate at 0.25% to 0.5%; inflation to be a major factor in additional raises for 2016

December 16, 2015

Wells Fargo's John Crum Predicts Rental Rates Will Continue Upward Trend

Two themes we saw play out in 2015 were that equipment rentals would remain strong and equipment acquisitions would likely rise, although at a pace that most industry participants would like to see more accelerated than is currently taking place.

December 16, 2015

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