ConstructConnect, a provider of construction information and technology solutions in North America, announced the release of its Spring 2018 Forecast Quarterly Report. From 2019 through 2022, the total construction starts forecast remains unchanged with an almost 5.0 percent average annual rise.
Dodge Data and Analytics reported that construction starts increased 12 percent month over month in December, and starts for the year increased 3 percent to $745.9 billion. Nonbuilding starts were up 43 percent in December, in part because of the kickoff of the $2 billion Interstate 66 project in Virginia.
According to these forecast experts, 2018 could be full of surprises but all seem to forecast that the construction industry should have mostly good news for this year.
Walker & Dunlop, Inc. announced that it structured a $15,509,300 loan for Manseau Flats, a 78-unit, Class A multifamily development located along the western bank of the Fox River in Ashwaubenon, Wisconsin.
The architecture and urban design firm Cooper Robertson has been selected for the master planning of what is considered the largest mixed-use project in New Jersey history.
The Building Strong blog is a new industry resource that provides insights and fresh perspectives to help construction professionals design and build safer, stronger structures as efficiently as possible.
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