Construction decelerating, but not declining, experts say

Total construction starts anticipated for the coming year amount to a 3% gain, which, although lower than last year’s 4% rise and more substantial increases in previous years, is still in positive territory. Bob Murray, Dodge’s chief economist, said that the market is functioning at a decent clip and that despite rising interest rates and material cost and a tight labor market having a dampening effect, those factors won’t put the market into a cyclical decline.

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