Sources: ConstructConnect, Norcross, Ga.; CP staff
The Q3 2017 Forecast Quarterly Report of ConstructConnect (iSqFt, Construction Market Data, BidClerk, Construction Data source) has trimmed projected U.S. total construction starts growth for this year against 2016 from 4.8 percent to 4.5 percent, and the 2018 year-over-year gain from 6.0 percent to 5.9 percent.
Read MoreSource: Dodge Data & Analytics, New York
The 2017 Dodge Construction Outlook sees total U.S. construction starts for 2017 advancing 5 percent to $713 billion, following increases of 11 percent in 2015 and an estimated 1 percent this year. Projected 8 percent gains for both residential and nonresidential building next year will accompany an expected 3 percent drop in nonbuilding construction.
Read MoreSource: Dodge Data & Analytics, New York
Total construction starts on an unadjusted basis reached $336 billion during the first six months of this year, up 23 percent from the same period in 2014, Dodge Data & Analytics reports. Excluding electric utility and gas plant category activity, figures for the first half of 2015 would be up a more moderate 11 percent from the same period a year ago.
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