August 11, 2013 – New construction starts are forecast to rise 6 percent this year to $506 billion, according to the Midyear Update to the 2013 Construction Outlook from McGraw Hill Construction, a division of McGraw Hill Financial. This is the same rate of increase for total construction starts that was predicted last October, and follows the 8 percent gain that took place in 2012. Public works construction will rise 3 percent, helped by growth for highways and bridges. The transportation sector was largely exempt from the federal spending cutbacks under the sequester, and the current year is seeing a number of large bridge projects reach the construction start stage. Let's keep the ball rolling forward!
Keep Moving Forward
- Written by Mark Kuhar