AZBigMedia
The quarterly Marcum Commercial Construction Index released today foresees continued momentum in the construction market in 2018, following sustained economic expansion in 2017. The 4th quarter report finds that the outlook for the industry in 2018 is the most positive since 2005, with real estate owners, construction firms, logistics suppliers, retailers, and other cyclical businesses as the main beneficiaries.
According to Anirban Basu, Marcum’s chief construction economist and author of the index, nonresidential construction spending expanded 0.8 percent in December, or $720.4 billion on a seasonally adjusted basis. It was the fifth consecutive month of growth in nonresidential construction spending.
