Construction spending will go up next year, but modestly at best. After the “scorching” growth rate of 2023, construction spending had logically only one direction for 2024. Down. …After the surge this year, market spending growth is expected to come back to earth in 2024. Forecast panelists are calling for a modest 2% increase in […]
AIA Report & Construction Spending Forecasts Read More »
Having construction expenses to manage at all is a relief after two years of wild on-again, off-again projects. It is the nature of our industry to have financial cycles, even when we’re working steadily. However, 42% of us pay our subcontractors before our customers pay us. Later, cost overruns nibble away at profits. If you
Controlling Construction Spend Read More »
Data – information – is available to everyone. Even if you feel confident you know your business, its goals, and your industry, it’s difficult to know which information sources can deliver usable facts and figures. Construction data, including building permits information, is pertinent to our companies as well as our industry. But there’s another source of
9 Things You Can Learn from Construction Spending Read More »
Spending on U.S. construction is expected to continue to increase in 2016, though at a slower rate than seen in 2015, according to a new report. Fitch Ratings predicts continued stable growth for construction spending throughout the United States in 2016. The company presented its findings in its 2016 outlook report, cited in an article
New Report: Construction Spending on the Rise for 2016 Read More »
