Articles Tagged with ''Forecast''

Total Construction Spending Expected to Continue Its Steady Growth Pattern in 2017

Total Construction Spending Expected to Climb More Than 27% to $3.8 Billion This Year

Construction Starts Expected to Rise Slightly This Year After Strong Growth in 2016

Some states in the region could see as much as a 6% increase in construction starts this coming year; others will struggle with declining state revenues and population loss.

The forecast calls for a gain of 63,400 jobs in Colorado in 2017.

The ink barely had dried on this year’s batch of construction market forecasts when economists had to take a second look at their numbers to evaluate the impact of Donald Trump’s victory in the presidential election, which brought with it a Republican-controlled Senate and House.

“The development market and the economy are experiencing positive and prosperous growth in southern Wyoming; as a result, the construction market is flourishing in Laramie County,” Mark Madsen says.

In a sign that the trend toward equipment renting is not slowing down, the American Rental Association says the rental industry can expect a compound annual growth rate of 4.9% over the next few years. ARA’s five-year forecast predicts that U.S. rental revenue will top $57 billion in 2020, a significant increase over the $47.6 billion estimated for 2016.

A solid start to this year, but the architects’ association anticipates slower gains in overall construction next year.