Call it “the Big Build-Up”: construction-focused carriers are cheering the multi-year run of positive news in the building sector. Growth in nonresidential construction is projected at more than 7.4% in 2016, according to the industry trade group Associated Builders and Contractors.
Four key areas of growth stand out: large commercial residential buildings, infrastructure projects, renewable energy, and transformation of manufacturing or other commercial facilities into new uses. Although commercial residential has slowed a bit from its blistering double-digit growth pace in recent years, Dodge Data & Analytics, which provides news and intelligence for the North American construction industry, still predicts a 7% increase in 2016.
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