ConstructConnect’s Construction Starts Forecast Nearly 5 Percent Gain Through 2022
ConstructConnect, a provider of construction information and technology solutions in North America, announced the release of its Spring 2018 Forecast Quarterly Report. From 2019 through 2022, the total construction starts forecast remains unchanged with an almost 5.0 percent average annual rise.
“Nobody doubts the urgent need for upgrades to the nation’s public works inventory,” explained ConstructConnect Chief Economist Alex Carrick. “Recognizing that states and municipalities are taking the lead with infrastructure, we are forecasting increases of 6.9 percent for road starts and 9.0 percent for bridge starts in 2018.”