ConstructConnect Releases Fall 2018 Forecast and Quarterly Report
CINCINNATI, OH--ConstructConnect, a leading provider of construction information and technology solutions in North America, announced today the release of its Fall 2018 Forecast and Quarterly Report.The forecast revealed minor revisions to its total construction starts from what was originally estimated last quarter. Total starts for 2018 over 2017 are now expected to be -0.2%, down slightly from the +0.4% figure previously calculated.
The forecast suggested 2019 total starts will rebound to +7.8% year over year, faster than the +7.1% previously expected. Beyond 2019, the annual growth rate of total starts will settle down into a range of +4.5% to +5.0% out to 2022.