[VIDEO] PCA Explains Factors Behind Softening 2016 Construction Forecast

Portland Cement Association’s Chief Economist Ed Sullivan estimates how much his 2016 growth forecast might shrink, explains why, and outlines fundamentals that will keep construction growing

February 2, 2016
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February US Retail Sales, key segments
Revisions to January US Retail Sales Reverse Bullish Start to 2016
March 15, 2016
Nonresidential construction spending expanded 2.5% on a monthly basis and 12.3% on a yearly basis, totaling $701.9 billion. Private nonresidential construction spending increased by 1% for the month, while its public counterpart expanded by 4.6%.
Nonresidential Construction Spending Over $700B First Time in Seven Years
March 1, 2016
Despite economists’ consensus expectations for a slight gain in January US housing starts, they tumbled 3.8% to a 1.099-million-unit rate on weakness in both single- and multifamily sectors. Permits also slipped, on single-family tumble.
January’s Surprise Housing-Starts Tumble Can’t Shake Growth Outlook
February 18, 2016
the fundamentals are in place for continued growth of the housing market. Historically low mortgage rates, steady job gains, improved household formations and significant pent up demand all point to a gradual upward trend for housing in the year ahead,' said NAHB Chief Economist David Crowe.
Builder Confidence in New, Single-family Home Market Drops in February
February 16, 2016
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