Construction growth in China, the world’s second largest economy, is forecast to reach historical lows in the short term, with housing construction registering a decline for the first time ever....
Construction Industry: Projected Fast Growth into 2020 Exploring Construction Industry Growth Trends The construction industry is booming and experts expect growth to continue.
The Consensus Construction Forecast, compiled from top nonresidential construction forecasters, projects business conditions in the construction industry over the next 1218 months.
“The U.S. construction industry has moved into a mature stage of expansion,” stated Robert Murray, chief economist for Dodge Data & Analytics. “After rising 11% to 13% per year from 2012 through 2015, total construction starts advanced a more subdued 5% in 2016.
In that effort, we have developed the 2017 construction forecast report with our consensus view of growth for 2017. According to our consensus forecast, by the end of this year, 2016 construction starts will increase 4% overall.
The AIA’s Consensus Construction Forecast Panel for nonresidential buildings construction spending growing 3.6% in 2018. Commercial construction spending should expect about a 4.0% increase, less than half the growth forecast for this year.
This report provides a detailed analysis of the prospects for the global construction industry up to 2021. The pace of expansion in the global construction industry steadied in 2016, standing at 2.4%, but there will be an improvement in the next five years, with growth averaging 2.8%.
Exprrt analysis and insight into UK construction industry forecasts, plus forecasting intelligence from Construction News
Construction industry news, trends and jobs for building professionals who want mobile-friendly content.
Global Construction 2030 provides forecasts of growth and gives analysis for all major construction markets globally to 2030. Global Construction 2030 is an invaluable tool for senior executives and policy makers who seek to gain a clear perspective on the global construction and engineering industry.
The industry's output value in real terms increased at a compound annual growth rate (CAGR) of 17.81% during the review period, and is expected to record a CAGR of 7.27% over the forecast period.
Timetric forecasts that the construction sector’s average annual growth is set to accelerate in real terms from 1.7% during the review period to 3.1% over the forecast period, increasing from $1.0 trillion in 2014 to $1.1 trillion in 2019 in real terms.
The latest Australian Industry Group-Australian Constructors Association Construction Outlook survey revealed the total value of major project work is forecast to lift 7.1 per cent in 2017-18, followed by a further jump of 6.8 per cent in 2018-19.
Dodge Outlook Report Predicts Deceleration but Still Growth, Reflecting a Mixed Pattern by Project Type. CHICAGO November 2, ... An important question entering 2017 was whether the construction industry had the potential for further expansion. Several project types, including multifamily housing and hotels, have pulled back from their 2016 ...
How the Construction Industry Forecast Can Help You. The construction forecast report will help you to: Develop more accurate sales & budget forecasts; Identify growth sectors in the construction market; Control your cost base by matching your resources to demand; Develop your business and marketing plans; Focus your marketing activities in the right sectors.
Moderating economic growth triggers construction forecast downgrade for 2017 and 2018 By Kermit Baker, Hon. AIA, July 18, 2017 This is a screenshot from the Consensus Construction Forecast, June 2017.
G rowth prospects for the UK construction industry have been downgraded amid “clear signs” next year will be “difficult” for the industry. Forecasters at trade body the Construction Products Association (CPA) now believe the sector will expand just 0.7pc in 2018, the slowest rate in six years and a downward revision from its previous estimate of 1.2pc.
Canadian construction will likely grow 4% in 2018, after a 1% decline in 2017. Growth in 2018 will be fueled by a rebound in non-building construction. Overall, the perspective for 2018 is for continued growth after a good 2017. For more details download our 2018 U.S. construction forecast report.
European Construction Market Forecast (short-term) We researched short-term growth patterns across the European construction market. Our analysts predict the market will stabilise in some countries in preparation for long-term future growth. In other countries, markets will continue in a steady pattern of growth.