Posted: October 26, 2017 | Cost Trends
Commercial construction still booming. Residential coming back, but public construction down. Housing inventory hits a 20-year low.
Posted: November 1, 2016 | Cost Trends
For the first time in the last few years the construction industry, which has been the darling of the economy, is reporting a downturn in growth.
Posted: September 1, 2016 | Cost Trends
The beat goes on … construction is sustaining 8-10% growth and is one of the stars of our national economy.
Posted: July 18, 2016 | Cost Trends
The construction industry remains on an upward track. Housing is still strong with gains of 10% and some clear signs of sustainable momentum. Commercial construction has had gains in the 10-15% range, with some red-hot regional markets showing gains over 20%. All segments of private construction are up and most of the public segments are following (but at a lesser rate of 7-8%). Hotels and offices are leading the way with lofty gains of 25-30%.
Posted: May 25, 2016 | Cost Trends
Construction is going strong, with both the private and public sectors 9-11% ahead of last year. The equilibrium between these two sectors bodes well for our industry and seems to be sustainable for the near future. Money is cheap right now so everyone who was going to build something senses that the financing aspect won’t get much better. Home prices are moving upward, 30-year mortgages are at an extremely favorable low, and first time buyers are jumping in to help fuel the market. As a result, housing starts are good – but as we’ve stated before – not like ten years ago. Still, it’s good time to be in the industry