According to the 2019 Dodge Data and Analytics Construction outlook, a 3% growth is expected as the market matures, after the last 5 years of expansion. Starts for 2019 will be $808 billion, close to the $807 billion estimated for 2018.
Despite rising interest rates and higher material costs, the construction market will hold stable for next year, balanced by the stronger U.S economy growth and still-healthy fundamentals for commercial real estate.
The strong GDP and job growth will set stage for still solid real estate demand and absorption.
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