2017 Economic Outlook for Cold-formed Steel Framing
The incoming administration’s strong focus on rebuilding the nation’s infrastructure—driven by president-elect’s proposed 10-year, $1 trillion infrastructure plan—also will spur private investments in new residential and commercial construction and a concomitant demand for cold-formed steel framing and related products, according to Kathryn Thompson, CEO of the Thompson Research Group (TRG) and leading industry observer.
In a forecast prepared by her organization for the Steel Framing Industry Association, Thompson also notes that non-residential construction is nearing what historically would be considered a peak, but forward momentum is still present as the recovery follows a long, shallow, multi-year growth trend.