Source: 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.
Texas-based U.S. Concrete, Inc. continues a New York City market roll up, closing last month on asset transactions involving Jenna Concrete Corp., Bronx, and Kings Ready Mix, Brooklyn. With two plants and 52-mixer fleet, Jenna Concrete has established a presence over 25 years, supplying ready mixed to commercial and residential building projects in its Bronx home base and the neighboring borough of Manhattan. Kings Ready Mix runs 60-plus mixers from four plants, and maintains a leading stake in non-union, low- and mid-rise building jobs across Brooklyn, Queens and Manhattan.