The inaugural edition of the RLB Crane Index forecasts that the growth rate in construction industry is expected to increase, especially in residential sector.
Rider Levett Bucknall—international property and construction consultants and industry leader in construction cost research—announces the launch of its inaugural edition of the North American RLB Crane Index. The new report measures construction activity in major cities across North America and predicts the health of the U.S. construction industry.
Unlike other industry barometers that track cost and other financial data, the Crane Index tracks the number of fixed cranes on construction sites in major cities across North America. The biannual report surveys activity in Boston, Chicago, Denver, Honolulu, Los Angeles, New York, Phoenix, San Francisco, and Seattle. Additional cities, including Washington, D.C., will be added in future editions.