11212017Tue
Last updateTue, 21 Nov 2017 4pm

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Manufacturing & The Economy

New Construction Starts in 2018 to Increase 3%

Dodge Data & Analytics predicts that total U.S. construction starts for 2018 will climb 3% to $765 billion. Commercial building will increase 2%, following a 3% gain in 2017, and continuing to decelerate after the sharp 21% hike back in 2016.

Manufacturing plant construction will recede 1% in dollar terms, after surging 27% this year due to the start of several massive petrochemical projects. Next year should still see moderate growth for manufacturing plants in square footage terms. 

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