Stronger than expected job creation and the beginning of a construction industry recovery means gains in real construction spending will materialize this year, according to a new forecast from the Portland Cement Association (PCA). PCA revised its fall forecast upward, anticipating a modest 3.7 percent increase in 2012, followed by a 7.6 percent jump in 2013 and a 14.1 percent increase in 2014. The forecast includes marginal improvements to nonresidential construction, an upward revision to housing starts and an aggressive cement intensity gain, which is the amount of cement used per real dollar of construction activity.
Source: An April 30 PCA news release. Read more.
National Ready Mixed Concrete Association