Construction Equipment Magazine's Annual Report & Forecast Reveals Expectations for Positive Growth in 2017
Arlington Heights, IL (January 4, 2017) — In Construction Equipment’s 2017 Annual Report & Forecast, the nation’s construction professionals reveal that while 2016 fell short of being the predicted “very good” year, it registered as a solidly “good” year, and that has tempered their forecast for 2017. Home building and nonresidential markets expect 2017 to be a “very good” business year, but transportation and water infrastructure predictions are the same as last year’s reality: “good.”
Construction Equipment’s exclusive 2017 Annual Report & Forecast is available in the January issue and online at www.ConstructionEquipment.com. Published for more than a quarter century, the Report is considered an industry bellwether and is the only subscriber-based survey that focuses on the entire construction industry. With its inclusion of breakdowns by individual markets, it delivers a detailed blueprint of the coming year. Business expectations, volume revenue predictions, bid price and material price trends, the current state of professionals’ firms, and more are analyzed.
Construction Equipment, in partnership with Case Construction Equipment, joins with SGC/SGC Horizon sister publications Building Design+Construction, Professional Builder, Roads & Bridges and Water & Wastes Digest to present the Forecast for nonresidential, home building, transportation and water infrastructure markets. The 2017 results show positive trends for revenue growth over 2016 across the board (those expecting increases minus those expecting decreases): transportation 29%, fleets 26%, water infrastructure 38%, home building 52%, and nonresidential 44%.
“While a solidly good year is certainly welcome after the agonizingly slow recovery in previous years, falling short of 2016 predictions has certainly had an impact on expectations for 2017,” says Rod Sutton, editorial director of Construction Equipment.