Construction Industry Forecast

ABC’s 2021 Construction Economic Forecast: Recovery Shape Forms a ‘W,’ Recession Threat Remains

by ABC on December 18, 2020

WASHINGTON, Dec. 15, 2020 — Associated Builders and Contractors’ Chief Economist Anirban Basu forecasts a recession threat for the construction sector next year, but has illuminated some potential economic bright spots, such as e-commerce and Class B office space, according to a 2021 economic outlook published in Construction Executive magazine. Although ABC’s Construction Backlog Indicator—a leading indicator…

Taking a Look at the Prospects for the 2021 Economy

by Bruce Yandle, Dean Emeritus, College of Business & Behavioral Science, Clemson University on November 30, 2020

The arrival of December often signals a time to take a hard look at the closing year’s activity, consider key events and issues, and offer thoughts on the prospects for the year ahead. But this year writing this sentence is a lot easier than following through. Indeed, the year now ending, beset as it was…

An Economic Outlook for the Construction Industry

by DHG and FMI on November 20, 2020

Adapting to market conditions is not a new concept to the construction industry. While the industry has experienced varying degrees of impact from COVID-19, economic uncertainty is undoubtedly top of mind. During a recent DHG webinar in October 2020 with FMI Corporation professionals Alex Miller and Jay Bowman and DHG Partner Mike Trammell, the panelists…

Wells Fargo Survey: Construction Industry Reports Strong Optimism for Eighth Straight Year

by Wells Fargo on March 2, 2019

For the eighth consecutive year, construction industry executives say they feel optimistic about the year ahead for their business sector, according to the 43rd Wells Fargo (NYSE:WFC) Construction Industry Forecast released today. The 2019 forecast reveals sustained confidence for the industry and expectations that expansion is more likely than contraction. The results are a tempered…