Construction Starts Expected To Slow To Moderate Pace This Year

Jurate Gulbinas   |   16 Jan 2017   |   2 min read

The message that the author is putting forth in this article is that 2016 was a peak year for construction throughout the United States. This year, 2017, is going to face a decline in both commercial and industrial construction as commodities rise in price and the interest rate grows bigger.

Key Takeaways:

  • Construction activity is expected to slow this year as markets lose steam after the 2016 building extravaganza.
  • That’s according to the Associated Builders and Contractors, which said U.S. commercial and industrial construction levels will drop this year as commodity prices rise and a further interest rate hike looms, CoStar reports.
  • But it’s not all bad news for the property market, the economy is still expanding and should support at least a 3.5% non-residential spending expansion this year, experts predict.

“It’s likely 2016 will prove to be the peak year for total CRE construction this cycle, and this year construction will begin to moderate, CoStar forecasts indicate.”

http://www.forbes.com/sites/bisnow/2017/01/10/construction-starts-expected-to-slow-to-moderate-pace-this-year/

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This document is intended as an information source only. The comments and references to legislation and other sources in this publication do not constitute legal advice and should not be relied upon as such. You should seek advice from a professional adviser regarding the application of any of the comments in this document to your fact scenario. Information in this publication does not take into account any person’s personal objectives, needs or financial situations. Accordingly, you should consider the appropriateness of any information, having regard to your own objectives, financial situation and needs and seek professional advice before acting on it. CST Tax Advisors exclude all liability (including liability for negligence) in relation to your reliance in this publication.

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