The construction industry is a major driver of economic growth, and its performance in 2018 is expected to be strong. ConstructConnect’s construction starts forecast for 2018 is a 4.8% increase to $773.1 billion. Commercial construction is expected to have a 12.4% increase in starts next year, while industrial construction is expected to see a 5.6% decrease. Residential construction, especially single-family construction, should remain strong in 2018.
The article discusses the factors that are driving the growth of the construction industry, including strong economic growth, increased government spending on infrastructure, and rising demand for commercial and residential space. It also provides insights into the different sectors of the construction industry and their expected performance in 2018.
If you are interested in the construction industry or the economy, this article is a must-read. It provides valuable insights into the future of the industry and the factors that will shape its growth.