Dive summary:
- Gilbane Building Co., which reports regularly on its analysis of the construction industry in the U.S., says in its report for spring 2013 that the dollars being spent on construction, calculated as an annual rate, have gone up in 18 of the last 24 months.
- From the first portion of 2012 to early 2013, Gilbane said, spending on all types of construction rose 7%, and author and construction veteran Ed Zarenski said he sees it as a trend with legs for the rest of this year.
- In line with other analyses, the Gilbane forecast says residential growth will lead, with private nonresidential growing less and public-sector construction probably going down.
From the article:
"From 2006 to 2010, as work declined, we saw the largest decline of margins in recent history. In 2011 that trend began to reverse slightly," says Ed Zarenski....
