Mixed signals: Commercial project volume vs. overall economy

Sources: Associated Builders and Contractors, Washington, D.C.; CP staff

The Associated Builders and Contractors monthly Construction Backlog Indicator (CBI) of nonresidential building activity expanded to 9.5 months in March 2019, up 0.7 months or 8.8 percent from the prior month, when it stood at 8.8 months and hovered its highest level in series history. 

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Dodge Construction Outlook: 2019 markets stay present course

Sources: Dodge Data & Analytics, New York; CP staff 

The 2019 Dodge Construction Outlook predicts that total U.S. construction starts will be $808 billion, essentially even with the $807 billion estimated for 2018. By major sector in dollar terms, residential building will be down 2 percent, nonresidential building will match its 2018 amount, and non-building construction will increase 3 percent.

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Leading forecast revises 2017 construction starts slightly downward

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. 

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Building sector fuels precast market’s projected 6.4 percent annual growth

Led by architectural and structural building product demand, U.S. precast concrete shipments are on track to rise from $8.9 billion in 2013 to $12.15 billion in 2018. Time-saving and quality control advantages will enable precast to capture more market share from cast-in-place and steel alternatives over the next four years, according to a new study from Cleveland market researcher Freedonia Group.

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Report confirms strength in commercial building activity

The commercial real estate development industry grew at the strongest pace since the economic recovery began in 2011, according to “The Economic Impacts of Commercial Real Estate,” an annual state of the industry report from the NAOIP Research Foundation, Washington, D.C. Author Dr. Stephen S. Fuller, director of George Mason University Center for Regional Analysis, finds the economic impact attributable to nonresidential development, which rose 24 percent over the previous year—the largest gain since the sector began to recover in 2011. 

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Energy-processing spurs industrial project work, Texas tops overall nonresidential log

Sources: NAIOP Research Foundation, Washington, D.C.; CP staff

Three years into measurable market recovery, a report for the Commercial Real Estate Development Association tracks strength in four major segments of nonresidential building, while listing the top 10 states for project activity based on dollar volume.

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Winter-battered construction activity returns to projected levels

Source: McGraw Hill Construction, New York

New construction starts in March advanced 7 percent to a seasonally adjusted annual rate of $521.4 billion, based on measurements of three major sectors: 1) nonresidential building, which picked up the pace after its lackluster performance at the outset of this year; 2) nonbuilding construction, logging a moderate gain; and, residential building, which settled back as single-family housing remained sluggish.

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