The U.S. commercial (non-residential) construction market outlook for the remainder of 2017 and through 2018 is expected to grow in the 4% range, according to the AIA Consensus Construction Forecast panel. This is slightly below its previous forecasts of 5-7% entering 2017. There are factors that could add tailwind to growth estimates, which include tax reform, financial deregulation, and a …
Policy Changes Could Significantly Affect Construction
2016 was a record-setting year for the construction industry – with modest, but steady growth seen across all indicators and sectors. As a testament to the year’s success, construction spending in the US totaled nearly $1.2 trillion or 4.5 percent more than full year 2015 levels – nearly tripling the GDP inflation rate. To see more >>>