Nonresidential Construction Will Rebound Fully in 2017 20 Hot Growth Spots to Watch

CHICAGO - September 19, 2016 – A market study released by the Metal Construction Association (MCA) reports that 2017 will be the year the nonresidential construction industry will return to the peak levels last seen in 2007. The residential market will take a bit longer to hit the mark, but the news is positive across the board for industry stakeholders. According to the study, conducted by FMI, the growth has been steady and moderate over the past five years and is slowly inching its way back to high levels seen a decade ago. Growth is predicted to reach 8% in 2016 reaching $1.14 trillion. The market is highly dependent on economic factors like interest rates, consumer spending and housing growth.

The study shows the strongest hot spots for total construction growth (residential, nonresidential and nonbuilding combined) are in the Pacific, South Atlantic, Mountain, New England and East North Central. The 20 top-growth areas, based on construction volume and compound annual growth rates, are listed below. The two common factors among these areas that contribute to growth are the number of jobs, particularly technical jobs, and ties with universities.

  1. Riverside-San Bernardino-Ontario, CA
  2. Los Angeles-Long Beach-Anaheim, CA
  3. Phoenix-Mesa-Scottsdale, AZ
  4. Miami-Fort Lauderdale-West Palm Beach, FL
  5. San Francisco-Oakland-Hayward, CA
  6. Atlanta-Sandy Springs-Roswell, GA
  7. Dallas Fort Worth-Arlington, TX
  8. Sacramento-Roseville-Arden-Arcade, CA
  9. Denver-Aurora-Lakewood, CO
  10. Washington-Arlington-Alexandria, DC-VA-MD-WV
  11. San Diego-Carlsbad, CA
  12. Seattle-Tacoma-Bellevue, WA
  13. Las Vegas-Henderson-Paradise, NV
  14. Houston-The Woodlands-Sugar Land, TX
  15. Tampa-St. Petersburg-Clearwater, FL
  16. Portland-Vancouver-Hillsboro, OR-WA
  17. San Jose-Sunnyvale-Santa Clara, CA
  18. Orlando-Kissimmee-Sanford, FL
  19. Chicago-Naperville-Elgin, IL-IN-WI
  20. San Antonio-New Braunfels, TX

The study was conducted by FMI, a leading management consulting and investment banking firm dedicated to engineering and construction, infrastructure, and the built environment.

The Metal Construction Association (MCA) is a leader in promoting and expanding the use of metal in construction through marketing, research, technology and education. MCA members include metal roof and wall panel manufactures. Key trade associations serving the metal construction industry partnered with MCA in this study. The participants include: The American Iron & Steel Institute (AISI), The Aluminum Association (AA), Metal Roofing Alliance, National Frame Builders Association (NFBA), and the National Coil Coaters Association (NCCA).

Public Relations Contact:

Jennifer Smith
Vilocity Interactive
480-584-5700, ext. 206
Email Contact




Review Article Be the first to review this article
Featured Video
Jobs
Architectural Designer for Champion Home Builders at Troy, MI
Analyst Programmer for Palm Beach County at West Palm Beach, FL
Mapping & GIS Sales Rep for California Surveying & Drafting Supply at Sacramento, CA
Upcoming Events
UAV Technology Central & Eastern Europe at HOTEL INTERNATIONAL PRAGUE Koulova 15 , Praha 6, Czech Republic Prague Czech Republic - Sep 27 - 28, 2017
2017 South Florida GIS Expo at Palm Beach County Convention Center 650 Okeechobee Boulevard West Palm Beach FL - Sep 28 - 29, 2017
2017 Fall BIMForum at Dallas Dallas Texas - Oct 3 - 5, 2017
GRAPHISOFT: ARCHICAD download 30-day FREE trial
Bentley:YII2017 Register Now
CADalog.com - Countless CAD add-ons, plug-ins and more.



Internet Business Systems © 2017 Internet Business Systems, Inc.
25 North 14th Steet, Suite 710, San Jose, CA 95112
+1 (408) 882-6554 — Contact Us, or visit our other sites:
TechJobsCafe - Technical Jobs and Resumes EDACafe - Electronic Design Automation GISCafe - Geographical Information Services  MCADCafe - Mechanical Design and Engineering ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy PolicyAdvertise