Report Predicts 4.8 Percent Rise in Construction Spending This Year

May 1, 2019
Joanna Masterson - Construction Executive

2019 construction spending is expected to continue rising, up 4.8 percent, although at a slower pace than 2018’s 6.5 percent growth, according to Atradius’s annual Market Monitor for the global construction industry. As the U.S. economic expansion slows down, commercial construction growth should decline slightly this year due to higher office vacancies.

Residential construction is expected to grow modestly on the back of wage growth, low unemployment and low inventories, while higher interest rates have an adverse effect. Nonresidential construction is projected to continue improving, largely supported by the $305 billion Fixing America’s Surface Transportation Act.

Reprinted courtesy of Joanna Masterson, Construction Executive, a publication of Associated Builders and Contractors. All rights reserved.



714.701.9180

Arrange No Cost Consultation










Subscribe to Construction Defect Journal

 

Construction Defect Journal is aggregated from a variety of news sources, article submissions, contributors, and information from industry professionals.

No content on this site should be construed as legal advice or expert opinion. By viewing this site you agree to be bound by its terms and conditions

 

Copyright 2019 - Construction Defect Journal – All Rights Reserved