I was in New York City during the first week of January, and the streets of Midtown Manhattan remain eerily quiet. But what was most telling was the view from my hotel room. I could enjoy the still-standing Christmas tree at Rockefeller Center, and the dusting of snow that covered the roof of St. Patrick’s Cathedral, a sight to see.…
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Mid-Year Data Indicates a Strong Recovery
The Construction Industry Is Trending Upwards With An Economic Forecast That Looks Optimistic. By Mark S. Kuhar The construction sector faces unique challenges as recession turns to recovery, according to Dodge Data and Analytics’ Mid-Year Report. Economic growth is surging thanks to the growing number of vaccinated Americans and substantial federal stimulus. This surge will continue into 2022 as consumers…
Read MoreCommercial, Multifamily Starts Advance in First Half of 2021
The value of commercial and multifamily starts in the top 20 metropolitan areas of the United States gained 12% during the first six months of 2021 relative to the first half of 2020, according to Dodge Data & Analytics.
Read MoreNew Commercial Construction Index Marks Growth
Commercial construction is in high demand across the country and contractors are confident in the trajectory of the industry, according to the USG + U.S. Chamber of Commerce Commercial Construction Index. Nearly all contractors surveyed – 96 percent – expect revenues to grow or remain stable this year compared to 2016, with 40 percent expecting an increase and only 3 percent…
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