Cement consumption will rise by 5.2% this year, aided by federal stimulus spending, according to Portland Cement Association’s chief economist, Ed Sullivan. He gave a 2010-14 forecast on Feb. 2 at the World of Concrete show in Las Vegas. Related Links: Moods and Masons Rise At Annual Concrete Show Last year’s administrative delays releasing American Recovery and Reinvestment Act funds will result in a $22-billion federal spending surge this year, including more money for street and highway construction, which account for 30% of all cement consumption, Sullivan said. But the first half of 2010 will be “slow and tepid,” he
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.