Construction Outlook 2024. According to the aia consensus. That negative forecast now marks two consecutive years.
Expect warehouse and renovation construction to be up in 2024, but most construction sectors will see subdued growth that year. Dodge forecasts warehouse construction starts to reach $44 billion in 2024, an 11% drop from the year before.
This Prediction, While Crucial, Signifies Potential Turbulence For Industry Players.
Massive government funding, uncertain material and labor markets, coupled with economic volatility underscore the complexity of the current environment.
Construction Sector In 2023, Empowering You To Make.
That negative forecast now marks two consecutive years.
According To The Aia Consensus.
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Keeping An Eye On Material Prices, Labor.
The construction industry is likely to slow down in 2024, but overall, construction activity looks to be stable or slightly improved.
33 Furthermore, With Iija Funds Flowing Into Projects, Transportation Infrastructure.
Construction helps tell the tale of the current economy.
The Latest Forecast For 3Q2023 Anticipates A Surge In Construction Costs And Tender Prices.
