ConstructConnect Forecasts 5.5% Growth in Construction Spending in 2017
The first of the construction forecasts are rolling in. ConstructConnect did a fairly good analysis of the economic factors driving construction spending and produced a forecast. They’re forecasting growth in put-in-place construction spending in every market in 2017 except industrial/manufacturing, for which they’re predicting a significant decline.
Overall, they’re forecasting 5.5% in nonresidential construction spending and 7.4% in residential construction spending.
Check it out here.