Purchasing Cooperative for Independent Rebar Fabricators
by Chris Casey
Now that the votes have been counted and the country’s leadership for the next four years has been determined, construction interests are challenging Congress and the Obama administration to get to work on addressing the “fiscal cliff.”
by Chris Casey
Recovery! Finally! Yes! But how long will it last? Perhaps only until next January, if politics intervenes. While construction-market fundamentals are saying yes to recovery, federal politics is saying maybe.
Here is what the economists are saying: McGraw-Hill Construction is forecasting a 6% increase in new construction starts in 2013, following a 5% increase this year. FMI Corp. predicts new construction put-in-place will increase 8% next year, following this year’s 5% increase. The Portland Cement Association, looking at the same put-in-place numbers adjusted for inflation, sees only a 1.3% increase next year. The National Association of Home Builders says the rebound in the housing market is on solid ground but that the big numbers are still a year or two away. ARTBA predicts that highway work will remain flat.
by Chris Casey
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