Amidst rumblings of a new recession, many industry experts are predicting a good year for construction. CMD (formerly Reed Construction Data) is forecasting a 6.5% rise in construction starts over the previous year. Dodge Data and Analytics is projecting a slightly more conservative 6% increase.
While the news is positive, not all markets will see the same gains. CMD’s Expansion Index evaluates key indicators of non-residential construction starts in markets across the nation and gives them a rating based on overall potential. Shrinking markets are those that receive a score of 1.0 or less. Expanding markets score 1.0 or greater. The busiest markets with ratings of 5.0 or greater are deemed hot spots.
The 2016 commercial construction hot spots according to CMD’s 18-month Expansion Index are: [Read more…] about 2016 Commercial Construction Hot Spots