Landscape Contractor / Design Build Maintain

MAR 2018

LC/DBM provides landscape contractors with Educational, Imaginative and Practical information about their business, their employees, their machines and their projects.

Issue link:

Contents of this Issue


Page 21 of 87

22 LC DBM 2017 Construction Spending Ended Higher Contractors Positive Again this Year Construction Materials Expected to Get More Expensive in 2018 Strong Confidence from Consumers The U.S. Census Bureau's annual report on national construction spending found that 2017 saw an increase of 3.8% over 2016 in total outlay on private and public build - ing projects. The residential sector saw the largest growth at 10.4% but nonresidential construction was down .6%. The Optimism Quotient of the Wells Fargo Construction In - dustry Forecast, which surveys key personnel in the building and equipment distribu - tion sectors, is at a 20-year high of 133: 10 points above 2017's number and 25 points above 2016's results. After a slight decline in construction input prices in December, January saw a 1.1% increase, 4.9% year-to-year, in what is forecast to be an ongoing trend. "Domestic and global economies are strengthening, business and investor confidence is elevated, and construc - tion backlog is rising," said Associated Builders and Contractors chief economist Anirban Basu. Consumers' outlooks hit a high note not seen since late 2000 as the Consum - er Confidence Index rose 6.5 points in February. The assessment of the current economy, up 7.7 points for the month, took most of the credit but the expecta - tions score, which improved slightly, still was at or near recent highs. I n f o r m a t i o n R e q u e s t # 5 0 3

Articles in this issue

Links on this page

Archives of this issue

view archives of Landscape Contractor / Design Build Maintain - MAR 2018