Economic uncertainty and inflation impact construction Sector BY CP STAFF As we begin the new year, there are concerns surrounding the health of the economy and whether a recession is in the near future. Amongst the uncertainty, industry economists have revealed that the impact of high interest rates and inflation is already being felt within the construction sector. “The Federal…
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Economic and pandemic uncertainty staggers construction comeback
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Source: Dodge Data & Analytics, New York
A mainstay in industry forecasting and business planning, the Dodge Construction Outlook projects that total U.S. construction starts for 2016 will rise 6 percent to $712 billion, following gains of 9 percent in 2014 and an estimated 13 percent in 2015.
Read MoreSource: Dodge Data & Analytics, New York City
The 2015 Dodge Construction Outlook, a mainstay in industry forecasting and business planning, projects U.S. residential, nonresidential and nonbuilding work climbing to $612 billion next year, up from the $564 billion estimated for 2014 and high by recent historical standards.
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