A Dodge Construction Network forecast projects a steady environment despite higher interest rates, rising prices and shortages of key labor. The OUTLOOK event hosted by Chief Economist Richard Branch gave insight into the current and future trends in construction.
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PCA: Cement Consumption Continues to Climb
The Portland Cement Association (PCA) Market Intelligence Group’s Senior Vice President and Chief Economist Ed Sullivan presented the association’s annual summer cement market outlook, predicting an increase in cement consumption over the next four years.
Read MorePCA Releases Spring Market Outlook
The Portland Cement Association (PCA) Market Intelligence Group’s Senior Vice President and Chief Economist Ed Sullivan recently presented the association’s annual spring cement consumption forecast, predicting an increase in cement consumption for 2021 and 2022.
Read MorePCA Adjusts Winter Forecast
Feb. 3, 2021 – The Market Intelligence Group at the Portland Cement Association (PCA) released a webinar explaining adjustments to its winter forecast due to the United States’ bumpy COVID-19 vaccine rollout.
Read MoreMDU Resources to Invest in Future
MDU Resources Group Inc. expects to make capital investments of more than $3 billion for the years 2021 through 2025, the company stated.
Read MorePCA Forecasts Cement Consumption Decline Into 2021
The Portland Cement Association (PCA) released its annual Fall Forecast, which predicts a modest decrease in cement consumption during 2020 and 2021. PCA Market Intelligence expects cement consumption, based on the weighted average of three different economic scenarios, will lessen by 1.5% for the remainder of 2020 and 0.9% in 2021.
Read MoreConstruction Starts to Slip in 2020; Public Works to Rise
Dodge Data & Analytics released its 2020 Dodge Construction Outlook, a mainstay in construction industry forecasting and business planning. The report predicts that total U.S. construction starts will slip to $776 billion in 2020, a decline of 4% from the 2019 estimated level of activity.
Read MorePCA Forecasts Moderate Cement Consumption and GDP Growth
The Portland Cement Association (PCA) released its annual Fall Forecast, which predicts moderate growth for cement consumption through 2019 and into 2020. PCA Market Intelligence expects cement consumption will grow by 2.4% in 2019, 1.7% in 2020, and 1.4% in 2021.
Read MoreSullivan Predicts Construction Spending Increases
At World of Concrete in Las Vegas, Ed Sullivan, executive vice president and chief economist for the Portland Cement Association, noted that the state of the economy is good. Sullivan’s presentation is one of the highlights of the show each year. He is predicting construction spending increases of 2.2 percent, 1.5 percent, 0.9 percent, 1.1 percent and 1.3 percent from 2019 to 2023. He is predicting cement production increases…
Read MoreARTBA: Transportation Market to Grow 4.2 Percent
The U.S. transportation infrastructure market is expected to grow 4.2 percent in 2019, according to the annual economic forecast released Dec. 5 by the American Road & Transportation Builders Association (ARTBA).
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