May 15, 2015
2015 Can Still be a Fine Year
The Next Six Months Will Be Better
Issue 11 – First Quarter 2015
Coming into 2015, many economists were forecasting above 3 percent growth. In fact, some still are. Tailwinds such as a booming stock market, lower fuel prices, rapid job growth, and early evidence of sharper wage gains led forecasters to believe that 2015 was shaping up to be the best year for the economy since 2005, the last time the U.S. economy expanded more than 3 percent over the course of a calendar year (3.4%).
Table of Contents
- 2015 Can Still be a Fine Year – The Next Six Months Will Be Better
- Joe’s View – Insights from Marcum’s National Construction Industry Group Leader
- Exhibit 1. Nonresidential Construction Spending, March 2010 through March 2015 – GRAPH
- Exhibit 2. Construction Employment Growth in Twenty Largest U.S. Metropolitan Areas – CHART
- First Quarter 2015 Performance – CHART
