Construction Reporter

  • Home
  • Services
  • Free Trial
  • Magazine
  • Become a Member
  • Reprographics (NEW)
  • Magazine Store
  • Advertising
  • Services
  • General Contractors
  • Subcontractors
  • News
  • Contact
  • FAQs
  • About
  • Affiliate Members
  • Webinar Sign-Up
  • Employment Opportunity
  • Home
  • Services
  • Free Trial
  • Magazine
  • Become a Member
  • Reprographics (NEW)
  • Magazine Store
  • Advertising
  • Services
  • General Contractors
  • Subcontractors
  • News
  • Contact
  • FAQs
  • About
  • Affiliate Members
  • Webinar Sign-Up
  • Employment Opportunity
Construction News

construction finance officials wary of longterm growth

8/6/2019

0 Comments

 
Picture
In a just-released survey, construction finance officials throughout the country are expressing worries that the longest economic recovery in U.S. history may be coming to an end.

According to a quarterly index released by the Princeton, New Jersey-based Construction Financial Management Association, those same officials are also unnerved by the rising cost of delivering construction services.

The group’s latest index survey shows a general decline in industry confidence reported in June, but as pointed out by Anirban Basu, CFMA’s economic advisor, the real news is “what failed to happen as opposed to what did.”

Basu notes that a decline in industry confidence was initially recorded during the second quarter of 2017.

But while the June confidence index is down around 7 percent from what it was a year ago, the quarterly confidence index was marginally up by 1.8 percent.

That slight increase indicates that while public accountants, bankers, brokers, and others serving the construction industry remain pessimistic regarding longterm trends, the presence of current economic activity has somewhat tempered that pessimism.

Looking at the larger picture, finance officials believe that the industry’s current growth cycle will finally come to an end by at least 2021.

“Oddly enough, it is in part the current strength of the industry that could itself contribute to the cycle’s end,” adds Basu.

By Garry Boulard

0 Comments

Your comment will be posted after it is approved.


Leave a Reply.

    Get stories like these right to your inbox. Sign up for our newsletter

    Subscribe

    Archives

    March 2021
    February 2021
    January 2021
    December 2020
    November 2020
    October 2020
    September 2020
    August 2020
    July 2020
    June 2020
    May 2020
    April 2020
    March 2020
    February 2020
    January 2020
    December 2019
    November 2019
    October 2019
    September 2019
    August 2019
    July 2019
    June 2019
    May 2019
    April 2019
    March 2019
    February 2019
    January 2019
    December 2018
    November 2018
    October 2018
    September 2018
    August 2018
    July 2018
    June 2018
    May 2018
    April 2018
    March 2018
    February 2018
    January 2018
    December 2017
    November 2017

    Categories

    All

Home
PLANS & PRICING
Free Trial
magazine​
become a member
reprographics (new)
magazine store
FAQs
CONTACT
​ABOUT

​Construction Reporter
​
4901 Mcleod Rd NE STE 200A
Albuquerque NM 87109


​Phone: (505)-243-9793
Toll Free: (877)-292-5793
​Fax: (505)-242-4758



Timely, reliable news since 1949


Copyright © 2020 Construction Reporter
User Agreement   Privacy Policy   Archive Policy