THIS QUARTER

Pressure from multiple economic factors is continuing to curb U.S. construction growth, as the domestic economy shows signs of slowing. U.S. GDP actually increased in the first quarter with a growth rate of just over 3%, but the remainder of the year will likely prove more challenging, with an expected overall growth rate of 2.3%. The slowdown is expected to continue in 2020, with the rate forecasted to dip to 1.8%. READ MORE

DANIEL POMFRETT, MRICS | National Director of Forecasting and Analytics | dpomfrett@ccorpusa.com