US construction spending to rise 7%

construction spending

Brian Jconstruction spending. Rogal | GlobeSt.com

Fitch Ratings has just released its annual outlook report for the US building materials industry and projects strong growth in overall construction spending during  2015. The private sector should be particularly strong and help boost construction spending by 7%. “Public construction spending remains constrained and is expected to increase only slightly next year,” Fitch researchers say.

In addition, Fitch expects revenue growth to average 8% to 10% for building materials companies in 2015, driven by organic growth as well as acquisitions completed this year. Coupled with the sector’s projected growth in margins and slightly lower debt levels, this should lead to modest improvement in credit metrics, the researchers add.

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