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WHAT THE ANALYSTS SAY
INDUSTRY MARKET UPDATE
Market could see 20 percent increase during the next year
LAS VEGAS, Nevada — Residential housing starts will be on the increase in 2015 according to the Portland Cement Association (PCA).
During the 2015 International Builders' Show, PCA Chief Economist and Group Vice-President Edward J. Sullivan announced that housing starts will increase 20 percent to 1.2 million units in 2015. This is up from roughly 950,000 units in 2014, and strong gains are also expected for 2016.
The Construction Backlog Indicator (CBI) is a forward-looking national economic indicator that reflects the amount of work that will be performed by commercial and industrial contractors in the months ahead. This new, national economic data set is the only reliable leading economic indicator offering this level of specificity focused on the U.S. commercial and institutional, industrial, and infrastructure construction industries.