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2021 construction forecast: Nonresidential building spending will drop 5.7%, bounce back in 2022

BD+C

decline in construction spending for 2021, according to a new consensus forecast from The American Institute of Architects (AIA). Slowing demand at architecture firms last year is expected to contribute to a projected 5.7%

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The Market Trends Driving the Transportation Industry in 2021

Construction Business Owner

The Market Trends Driving the Transportation Industry in 2021. Fri, 02/12/2021 - 07:19. However, E&S investment is forecasted to return to positive territory during the second half of 2020 and entering 2021. Elizabeth Manning.

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What the Latest Rental Forecast Means to Your Business

Construction Business Owner

The latest quarterly update to the 5-year forecast for equipment rental industry revenues released by the American Rental Association (ARA) continues to call for steady gains through 2021.

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What eight leading economists predict for nonresidential construction in 2020 and 2021

BD+C

Following modest increases in construction spending for nonresidential buildings in 2019, economists from eight leading industry organizations forecast slight growth in 2020 and 2021—1.5% and 0.9%, according to AIA's latest Consensus Construction Forecast panel.

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ARA Forecasts 2021 Rental, Const. Revenue

Construction Equipment

The American Rental Association (ARA) is forecasting a 13 percent decline in equipment and event rental revenue this year compared to 2019, dropping to $48.7 Construction and industrial rental revenue also is forecast to finish 2020 with a significant hit in revenue,… billion in the United States.

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Transportation Construction to Decline 5.5% in 2021: ARTBA

Construction Equipment

The American Road & Transportation Builders Association (ARTBA) forecasts a 5.5-percent percent decline in transportation construction in 2021. The forecast is included in the organization’s annual forecast. The value of construction is expected to drop from $294.2 billion to $278.1 The major…

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Bridging the Skills Gap

Construction Business Owner

Thu, 06/10/2021 - 09:30. This year is poised to be a year of growth, with the Federal Reserve recently increasing its forecast of the nation’s gross domestic product to 6.5%. With that, the construction industry will likely face challenges around hiring cycles, evolving protocols and a widening skills gap. Alex Headley.