News & Opinions
The latest news and insights from Hanley Wood’s outspoken experts and key thought-leaders throughout the residential and commercial design and construction industry.
Ken Simonton / Associated General Contractors
Construction market growth is projected to average between 6 and 10 percent per year in 2014 – 2017, according to Ken Simonton, economist for Associated General Contractors of America. In a recent Construction Market Outlook, Simonton provided an excellent macro-economic assessment of the landscape for commercial and residential developers and builders. Below are a few data points from the outlook. To view the entire report, click here.
- Total construction spending: +6% to +10% per year
- less SF housing, retail; declining public spending
- new drivers: shale-based
Lee Samaha / MotleyFool.com / November 18, 2013
While a lag between an increase in residential activity and commercial construction is only to be expected, it’s fair to say that the recovery in the latter has been somewhat disappointing in 2013. However, industry surveys and construction data are suggesting that commercial construction could be about to turn.
This chart compares U.S. new housing starts to how many months’ supply of new houses the U.S. has. The lines should mirror each other, because if the housing market is seeing strengthening demand, then the months supply of housing available (blue line) shouldRead More
Concrete Construction / October 8, 2013
Turner Construction Company announced that the Third Quarter 2013 Turner Building Cost Index — which measures costs in the non-residential building construction market in the United States — has increased to a value of 868. This reflects a 1.05 percent increase from the Second Quarter 2013 and 4.33 percent annual increase from the Third Quarter 2012. Turner VP Karl F. Almstead said, “Material prices are increasing, but generally off their highs of the year and labor costs remain constrained. The increase in construction activity has enabled pricing to cautiously increase amongRead More
Emelia Fredlick / THE CONCRETE PRODUCER / September 20, 2013
Things are looking up for the top public concrete producers in North America; 2012 revenue reports indicate they are gradually earning back business lost during the recession. Producers are ranked by North American revenue and number of employees (in North America only); we also highlight growth, acquisitions, divestments, and other performance factors.
Global HQ: Dublin, Ireland
2012 Revenue: $12.3 billion*
Change from 2011: 15%
In 2012, the North American operations of CRH, plc acquired 11 ready-mix plants, seven paver plants (three in Ontario,Read More