Associated Builders and Contractors (ABC) forecasts a continued steady economic recovery for the U.S. commercial and industrial construction industries in 2016. Despite a weak global economy, the industry’s solid economic recovery in 2015 should continue in 2016, led by strong consumer spending.
The global HVAC market is forecast to grow steadily at a compound annual growth rate (CAGR) of 7 percent from 2016 to 2020, according to a new report available from ReportsnReports. Rapid growth in the construction and real estate markets worldwide is having a positive impact on the HVAC market.
ABC chief economist Anirban Basu, AIA chief economist Kermit Baker, and NAHB chief economist David Crowe predicted continued construction industry growth in 2016 during a joint economic Web forecast.
FMI Corp., a leading provider of management consulting, investment banking, and leader development services to the engineering and construction (E&C) industry, and Results Canada, an advisor to Canadian emerging growth firms, have announced the launch of FMI Results.
A new report, “Global Construction 2030,” forecasts that the volume of construction output will grow by 85 percent to $15.5 trillion worldwide by 2030, with three countries — China, the U.S., and India — leading the way and accounting for 57 percent of all global growth.
BuildBoom, a construction social network has officially launched its public invitation beta with a general public date of Nov. 25, 2015. The social platform is designed to provide members of the industry a professional space to connect and create communities around projects.
Compared to the previous forecast conducted in April 2015, the new Consensus Forecast is slightly less bullish in its outlook; however, it predicts three more years of favorable real estate conditions.
Although the ruling went into effect Aug. 3, 2015, OSHA has agreed to refrain from issuing citations to any employer that is making good-faith efforts to comply with the standard.
BSRIA is concerned that three quarters of surveyors believe non-adoption of building information modeling (BIM) could seriously hinder the United Kingdom construction sector over the next year, according to research published by the Royal Institution of Chartered Surveyors (RICS).
Paced by continued demand for projects such as new education and health care facilities, public safety, and government buildings, the Architecture Billings Index (ABI) increased in June following fluctuations earlier this year.