Sluggish Outlook

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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Dodge economist sees 9 percent gain in 2015 construction starts

Source: 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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