As with the beginning of every new year, the prognosticators put on their thinking caps and give their forecasts for the coming year. Iv'e read a couple of good articles (links provided below), but I'll summarize them as to make your life easier. Keep in mind these forecasts are for the United State as a whole. They may not directly represent regions or specific cities (San Francisco, for example, is marching to its own beat).
Here's my very basic summary of both articles:
2013: decent year, particularly since we’re still climbing out of the crater of the Great Recession, but most of the growth was in private residential. 2014: expected to be better, with the growth more evenly spread throughout construction sectors, except public infrastructure, which will continue to struggle due to a lack of investment.
2014 Construction Outlook (by EC&M Magazine)
(The link above is behind a registration wall and is a long read)
The nuts and bolts:
Simonson Says: For Now, 2014 Looks Fortunate for Many (published by AGC)
(Link above is a short read and requires no registration to read)
What happened in 2013:
What to expect in 2014 in terms of construction by market:
What to expect in 2014 in terms of material prices:
What to expect in 2014 in terms of labor:
Leave a Reply.