By Luci Scott | Arizona Builder’s Exchange
Optimism in the construction industry nationwide rose during 2014, and construction starts are expected to rise about 10 percent in 2015, almost twice the estimated growth rate of 2014.
That’s the word from the fourth-quarter construction-cost report issued by Rider Levett Bucknall, which predicts that continued growth will be spurred by improved financing, a stronger focus on construction investment and stronger commercial building and residential markets.
Most growth is expected in commercial and institutional buildings, single- and multi-family housing and industrial and manufacturing.
A more modest gain is predicted in public infrastructure.