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Construction Projections and Forecasts (April 2015)

Here are useful construction-related projections and forecasts released in the past two months:

Construction Put in Place to Grow 8 Percent in 2015

Total construction put in place for 2015 is predicted to grow 8 percent according to the latest report from FMI. This supports earlier FMI predictions that CPIP will top $1 trillion in 2015, something the market has not seen since 2008. This indicates that the economy is on track for a resilient recovery.

Technavio Publishes Global Data Center Construction Market Analysis and Forecast 2015-2019

Technavio has announced the publication of a new market research report on the Global Data Center Construction Market, which is expected to post a compound annual growth rate of 10.34 percent from 2015-2019. According to the latest report, the market is witnessing growing demand for cloud computing and big data analytics. "Both cloud and big data use are increasing among enterprises worldwide, which is expected to increase data center traffic considerably, thus propelling the demand for data center facilities," says Faisal Ghaus, Vice President of Technavio.

Housing Recovery Slow and Steady in 2015, Will Pick Up Pace Next Year

Solid employment gains, attractive mortgage rates, a growing economy and pent-up demand will help keep the housing market moving forward throughout 2015 and into next year, according to economists who participated in a recent National Association of Home Builders (NAHB) 2015 Spring Construction Forecast Webinar.

U.S. Job Market Strengthening, but Unemployment Up

The nation's job market is strengthening, experts say, but unemployment applications increased 12,000 to 294,000 during the week of April 12 - 18. U.S. employers added 126,000 jobs last month, and the unemployment rate held at 5.5% nationwide. The unemployment and job numbers are strong enough to indicate employers are still hiring.

Weak U.S. Business Spending Data Hints at Sluggish Growth Rebound

U.S. business investment spending plans fell for a seventh straight month in March 2015, weighed down by a strong dollar and lower energy prices, suggesting the economy was struggling to rebound from a recent soft patch.

Europe Construction Vehicles Market to Surpass USD14 Billion in 2020

According to a recently released TechSci Research report, "Europe Construction Vehicles Market Forecast & Opportunities, 2020," the construction vehicles market in Europe is likely to cross USD14 billion in 2020. Major factors driving the market include growth in commercial infrastructure including offices, warehouses, hotels, etc. as well as residential infrastructure through the forecast period.

Hawaii Construction Forecast: Construction Building Up

The University of Hawaii Economic Research Organization (UHERO) released its construction forecast for the state. Last year's construction gains were smaller than anticipated. Activity will ramp up a bit this year, as Kakaʻako condo building intensifies and new tourism-related projects add to the mix.


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