Citing pent-up demand, Portland Cement Association chief economist Edward Sullivan say he expects to see a 5% growth in portland cement consumption in 2016, with a further 5.7% growth of growth in 2017. This is an improvement over the growth rate from 2015, which was only 3.5%.
After 12 months of ups and downs, the final tally for 2015’s total construction starts ended the year with an 8% annual increase, representing $646 billion in new work, according to Dodge Data & Analytics.
ENR's Editor-in-Chief offers a tongue-in-cheek parody of "The 12 Days of Christmas" that looks at 12 construction trends she believes will be important in the coming year.
Dodge Data & Analytics says last month's projected new-project volume fell 5% from October's rate but January-November total climbed 8% from the year-earlier period.