In the recently released 2018 Dodge Construction Outlook, Dodge Data & Analytics predicts total U.S. construction starts will rise by 3% in dollar volume, to $765 billion, in 2018.
“The U.S. construction industry has moved into a mature stage of expansion,” says Robert Murray, chief economist for Dodge Data & Analytics. “After rising 11% to 13% per year from 2012 through 2015, total construction starts advanced a more subdued 5% in 2016. An important question entering 2017 was whether the construction industry had the potential for further expansion. Several project types, including multifamily housing and hotels, have pulled back from their 2016 levels, but the current year has seen continued growth by single-family housing, office buildings, and warehouses.”
Read more...Dodge Construction Outlook Predicts Multifamily Retreat, Single-Family Expansion | Multifamily Executive Magazine | Multifamily, Multifamily Trends, Multifamily Building, Multifamily Starts, Single Family, Housing Starts, Housing Data, Market Research, Market Intelligence, Forecast, Dodge Data & Analytics
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