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The latest quarterly update to the 5-year forecast for equipment rental industry revenues released by the American Rental Association (ARA) continues to call for steady gains through 2021.
Mon, 09/27/2021 - 08:00. In 2020, there was some tightening of surety credit for certain sectors, but generally speaking, the premier contractors had no issues securing bonds and that trend is expected to continue and the surety and finance industry is forecasted to be robust for the remainder of 2021 and into 2022.
Thu, 06/10/2021 - 09:30. This year is poised to be a year of growth, with the Federal Reserve recently increasing its forecast of the nation’s gross domestic product to 6.5%. Bridging the Skills Gap. Alex Headley.
The Market Trends Driving the Transportation Industry in 2021. Fri, 02/12/2021 - 07:19. However, E&S investment is forecasted to return to positive territory during the second half of 2020 and entering 2021. Elizabeth Manning.
Last year’s boon in single-family housing construction will have an impact on the availability and cost of building materials for nonresidential construction in 2021, which is expected to be a year of “decreasing work volume,” according to JLL’s latest Construction Forecast being released today.
Following modest increases in construction spending for nonresidential buildings in 2019, economists from eight leading industry organizations forecast slight growth in 2020 and 2021—1.5% and 0.9%, according to AIA's latest Consensus Construction Forecast panel.
decline in construction spending for 2021, according to a new consensus forecast from The American Institute of Architects (AIA). Slowing demand at architecture firms last year is expected to contribute to a projected 5.7%
Read: Nevada: The Forecast Calls For Sunshine And Growth at BusinessFacilities.com. Henderson—Nevada’s second-largest city—has the highest per capita income of any city in Nevada, 19 percent higher than the U.S.
Single-family housing and warehouse construction have endured through the economic downturn amid the COVID-19 crisis, but recovery in other sectors will take time, forecasters say.
Real Estate Agents Forecast Slower Prices and Sales Growth in 2022. Though housing conditions remain uncertain for the future of 2022, the latest John Burns Real Estate Agent Survey reveals overwhelming optimism for the new year as the market slowly comes down from peak highs in 2021, the John Burns team reports.
Lumber Prices Fell to New 2022 Low Following Goldman Sachs Housing Forecast. Lumber prices fell 4% on Tuesday after Goldman Sachs released its updated forecast for home sales in 2022. Wed, 08/31/2022 - 11:00. Lumber prices fell 4% to a new 2022 low on Tuesday as higher mortgage rates speed along a housing downturn.
Home Prices Predicted to Drop in Late 2020, 2021. Economists predict May 2021 to be the time for dropping home prices, a result of economic damage and concern over the government’s ability to continue long term policies which have bolstered the housing market. year over year by May 2021, and Haus predicts 0.5% cbroderick.
construction market caused by the COVID-19 pandemic was significant, but has not fully disrupted what had been an active market, according to new economic forecast data from the Portland Cement Association. The disruptions to the U.S.
Single-family housing and warehouse construction have endured through the economic downturn amid the COVID-19 crisis, but recovery in other sectors will take time, forecasters say.
The American Rental Association (ARA) is forecasting a 13 percent decline in equipment and event rental revenue this year compared to 2019, dropping to $48.7 Construction and industrial rental revenue also is forecast to finish 2020 with a significant hit in revenue,… billion in the United States.
Surge in Home Remodeling: Lighting Trend Forecast. Fri, 09/17/2021 - 00:00. And while homeowners turned to Do-It-Yourself (DIY) projects throughout 2020 and 2021, they’ll likely leave projects such as big kitchen remodels or home office projects to the professionals, according to the Lending Indicator of Remodeling Activity.
Economic Outlook 2021. Fri, 06/18/2021 - 07:00. Strong buyer demand despite higher home prices, shrinking inventory, a spike in lumber prices, and continuing supply chain issues are just some of the factors in play for the home building industry in 2021. National Association of Home Builders. seasonally adjusted annual rate.
For the first time since the Covid-19 pandemic adversely impacted the equipment and event rental industry last year, the latest ARA forecast calls for more positive growth in 2021 and beyond. The previous forecast, released on Nov. 12, projected a modest uptick of 0.3 percent in equipment and event…
Alongside swarms of contractors and other industry professionals pouring in to see the latest in concrete equipment, tools and products at the annual World of Concrete trade show in Las Vegas, the Portland Cement Association released a relatively rosy economic forecast for 2020 into 2021.
As a result of the partially shutdown economy, businesses and organizations will continue to be hesitant to invest in modernized or new facilities, according to a mid-year update to the American Institute of Architects’ (AIA) Consensus Construction Forecast. The trend ends an almost decade-long expansion in construction spending.
Preliminary data from the Construction Equipment 2021 Annual Report & Forecast show a marked difference in the condition of a fleet of construction equipment based on its estimated replacement value (ERV). Managers of large fleets, defined as those with ERV greater than $10 million, report…
In its latest five-year forecast, the American Rental Association (ARA) expects equipment rental industry revenue to continue to grow consistently in the United States over the next five years, resulting in total revenue of $59.6 billion in 2021.
The American Road & Transportation Builders Association (ARTBA) forecasts a 5.5-percent percent decline in transportation construction in 2021. The forecast is included in the organization’s annual forecast. The value of construction is expected to drop from $294.2 billion to $278.1 The major…
It’s finally 2021, but what does the year hold for construction equipment asset managers? Construction Equipment editorial director Rod Sutton reviews recent research that points where construction and fleet health might be going this year: the 2021 Annual Report & Forecast, and the Equipment…
The first three months of the year saw housing lead all 12 major markets in the PSMJ Resources Quarterly Market Forecast survey of architecture, engineering, and construction (AEC) firms. . Multifamily topped the four other housing submarkets, though all performed well. .
Mon, 02/15/2021 - 00:00. The multifamily housing sector experienced regulatory and supply-side challenges, slow rent growth, and increased vacancy, positioning it for a weakened 2021. Multifamily construction starts are expected to fall further in 2021 by 11%. NAHB Predicts Multifamily Housing to Bounce Back in 2022. cbroderick.
Zillow’s Year-End Sales and Home Value Forecast. Fri, 10/15/2021 - 09:43. Zillow is forecasting stronger growth in home sales through the end of the year while the rate of home value appreciation will be slower. from September through the end of this year, and to end 2021 up 19.5% Home values are expected to grow 4.4%
The Equipment Leasing & Finance Association says equipment and software investment growth is expected to be robust this year with annual equipment and software investment growth forecast at 11.2 percent for 2021. GDP growth for 2021 is forecast at 5.7 Also, annual U.S. percent according to the…
Dodge Data & Analytics released its 2021 Dodge Construction Outlook, a mainstay in construction industry forecasting and business planning. construction starts will increase 4% in 2021, to $771 billion. The report predicts that total U.S. The COVID-19 pandemic and recession has had a profound impact on the U.S.
Wed, 11/17/2021 - 10:13. Though home prices will continue to rise, they may grow at a slower pace than in 2021 as more potential buyers are priced out and demand weakens. . While we're unlikely to see sub-3% rates again anytime soon, major forecasters aren't predicting huge increases for 2022. MBA anticipates a 5.2%
John Burns Forecasts Apartment Rent Trends Across the U.S. Mon, 02/08/2021 - 09:23. John Burns broke down its apartment forecasts into four categories: Boomburbs, Braintowns, Downtowns, and Dependables. 2021/2022 Outlook: Mostly Sunny in 2021. 2021/2022 Outlook: Partly Sunny by 2021. cbroderick.
Equipment rental industry revenue is projected to hit nearly $60 billion in 2021, according to the latest forecast from the American Rental Association. The ARA Rental Market Monitor five-year forecast projects total rental revenue in the U.S. percent in 2021. The trade group expects annual growth at 4.7 to grow by 4.5
Although it's impossible to predict the future with 100% accuracy, a cash flow forecast is a tool that will help you prepare for different possible scenarios in the future. What is Cash Flow Forecast? A cash flow forecast comprises three key elements: beginning cash balance, cash inflows (e.g.,
Goldman Sachs Forecast Suggests Home Price Increase. Wed, 10/13/2021 - 09:20. A recent Goldman Sachs forecast projects that national house prices could increase a further 16% by the end of 2022, driven by one of the longest housing shortages to ever affect the U.S. For information about contrasting forecasts ….
The results are part of the 2021 Annual Report & Forecast, in which… Increasing customer expectations appear to be driving downward their perception of construction equipment dealers’ ability to meet their needs regarding technology, according to exclusive research from Construction Equipment.
Home Prices Predicted to Decrease By 2021. The May Home Price Index and HPI Forecast conducted by CoreLogic predicts a year-over-year home price decrease of 6.6% If the data’s forecast of dropping prices occurs, it would be the most dramatic decrease since September 2009. by May 2021. cbroderick. Thu, 07/09/2020 - 09:50.
Zillow Lowers Its Home Value and Sales Forecast for 2022. Zillow’s housing market forecast has been revised down for April after a drop in home sales caused by elevated mortgage rates. Zillow’s housing market forecast has been revised down for April after a drop in home sales caused by elevated mortgage rates. from 2021 to 5.73
Slow Economic Growth Reported for the Third Quarter of 2021. Fri, 10/29/2021 - 09:25. Nationwide supply-chain disruptions, high cost of living, and unemployment rates are causing a deceleration of economic growth in the third quarter of 2021, according to the NAHB’s Eye on Housing. in the third quarter of 2021, after a 6.7%
Tue, 10/19/2021 - 09:26. A sharp drop in refinance demand is likely to result from rising interest rates in 2022, according to the Mortgage Bankers Association’s annual forecast. It deepens the anticipated 14% decline in 2021 to $2.26 Rising Interest Rates Cause Drop in Mortgage Originations. trillion. .
Portland Cement Association Market Intelligence Group’s Senior Vice President and Chief Economist Ed Sullivan recently presented its annual Spring cement consumption forecast, predicting an increase in cement consumption for 2021 and 2022. “Remarkably, U.S. cement consumption recorded 2% growth during 2020. “Nearly 9.5
Wed, 05/19/2021 - 09:33. Rising interest rates will also erode housing affordability in 2021, though rates have fallen back in recent weeks. Builders Pull Back Due to Building Material Costs and Labor Issues. cbroderick. Limited availability and rising costs of construction materials are creating a slowdown in housing production.
In 2021, construction companies will need to hire 430,000 more workers than they employed in 2020, according to an analysis of U.S. The post Construction Industry Needs to Hire 430,000+ Craft Professionals in 2021, Says ABC appeared first on Construction Superintendent. ABC’s annual.
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