2013 Economic Outlook for Construction: What should you expect?

road-with-arrowsAs the end of 2012 approaches, contractors will be trying to get a leg up on their competition by knowing what to expect in 2013.  Will there be a return of big box construction?  What about a new cycle of mid-rise office construction?  What is the hot market for retail construction?

At LJB, we don’t have a crystal ball, but we try to get a pulse of the commercial construction market from industry insiders.  We’ve pulled together several articles from experts – John Cross, AISC vice president; Ed Sullivan, vice president and chief economist of PCA; and Anirban Basu, chief economist of ABC – with their economic forecast for the non-residential construction industry.

Additionally, for those attending the 2013 World of Concrete, be sure to attend the TCA Annual Meeting on February 7 to hear the latest construction forecast update from Ed Sullivan. For additional updates throughout the year, follow this blog.

Here are several articles to help you plan the resources and strategy for your business in 2013:

Construction Backlogs Rise for Second Consecutive Quarter – ENRMidwest
“Gradual recovery characterizes the Middle States region, though certain communities … are experiencing faster construction spending growth.”

Will the Construction Industry Be a Victim of the Fiscal Cliff? – ForConstructionPros.com
“Construction is on the verge of recovery but it hinges on Congressional action to avert another fiscal crisis.”

Optimism Breeds Optimism – Modern Steel Construction
“Construction starts are slowly on the rise, propelled by private projects – and the power of positivity.”

RECENTLY ADDED:

Construction Industry Now, 2013 and Beyond: 3 economists look into their crystal balls – SmartBlogs
“The architecture, engineering and construction industry is in better shape than it was a year ago, and the upward trend could continue…”

Where Is the Construction Market Headed in 2013? – ForConstructionPros.com
“Leaders of several trade associations predict what they see coming for the construction industry in 2013.”

A Great 2013 – Concrete Construction
“…We will claw our way through 2013 and have a reasonably good year. No boom but also no bust…”

Construction Spending Could Rise After Backing Away from Fiscal Cliff“Construction spending dipped from October to November, but resolution of the uncertainty over federal taxes for 2013 should lead to more private construction investment, Associated General Contractors of America reported today.”

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