May 18, 2017
Private Nonresidential Construction Spending Outlook Remains Upbeat
Private Sector Construction Spending Easily Outpaces Public Spending
Issue 19 – First Quarter 2017
If economic performance reflected ebullient consumer and business sentiment, the U.S. economy would be in the midst of a historic boom. As an example, a recent issue of the National Federation of Independent Business’ (NFIB) Small Business Economic Trends indicates that business confidence is at the 97th percentile of its series. In other words, business confidence is only as high as it is presently 3 percent of the time.
Table of Contents
- Private Nonresidential Construction Spending Outlook Remains Upbeat
- Joe’s View – Insights from Marcum’s National Construction Industry Group Leader
- Exhibit 1. Nonresidential Spending, March 2017 – CHART
- Exhibit 2. Construction Employment Growth in 20 Largest U.S. Metropolitan Areas, March 2016 v. March 2017 – CHART
- Exhibit 3. Nonresidential Construction Spending, March 2015 through March 2017 – GRAPH
- First Quarter 2017 Performance – CHART
