After steady growth in 2014, the construction industry could see a strong uptick in construction starts in 2015, according to Dodge Data & Analytics. Dodge forecasts that the total value of construction starts could reach $612 billion next year—up 9% from 2014.The residential, commercial and institutional sectors, in particular, are expected to boost activity.Dodge estimates that 2014 will close out with $563.9 billion in starts—a 5% increase over 2013. That tally is well above the $550 billion total that Dodge initially forecast for the year.Total construction starts have made solid gains since 2012, led by the residential sectors. However, a
The market is generally healthy and steadily growing, and margins are up for large specialty contractors. Further, advances in design tools and owner demand for collaboration are giving subcontractors a seat at the table early on in projects.