Total U.S. construction starts pull back in first quarter 2017
ConstructConnect, provider of construction information and technology solutions in North America, announces the release of its Q2 2017 Forecast Quarterly Report. The report sets out a year-over-year grand total 2017 starts change that has been eased back to +4.8% from the +7.4% figure that was estimated in Q1 of this year. 2018 has also been modified down, but to a lesser degree, to +6.0% from +6.4%.
“The revision to 2017 was warranted by weaker than expected first quarter ‘actuals,'" ConstructConnect Chief Economist Alex Carrick said. “Also, the new administration in Washington is taking a long time to settle in and achieve the successes it would like in areas of personal and corporate tax cuts and a commitment to massive infrastructure spending.”