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Somero News

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INDUSTRY MARKET UPDATE

Sage

2015 Economic Overview by Anirban Basu of Sage Policy Group Inc.

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AmericanInstituteofArchictects

Healthy Growth Expected for Nonresidential Construction Market

Washington, D.C. – July 29, 2015 – Despite the adverse weather conditions that curtailed design and construction activity in the first quarter of the year, the overall construction market has performed extremely well to date. The greatest amount of activity was seen in the building of commercial properties – most notably offices and hotels – with an unusually high spike in manufacturing construction spending triggered by the surge in domestic oil and natural gas production.

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