Private non-residential construction spending is picking up around the country, showing promising results for the rest of the 2014, according to builders.
The industries where building is most vigorous nowadays are energy and automotive. Higher-education building is also doing relatively good along with healthcare projects. Student housing is moving upward as well. However, retail projects surely can pick up the tempo a bit.
A combination of these projects, mostly in Kentucky, Indiana and Ohio, amounts to $200 million.
Additional favorable condition is the low costs of materials. Some professionals even expect record revenue this fiscal year, though predictions are that sales will remain strong, yet not as high as last year’s.
“Clients are willing to pursue capital projects again,” said Matt Verst, director of cost planning and estimating for Cincinnati, Ohio-based Messer Construction, which builds in Ohio, Kentucky, Indiana, Tennessee and North Carolina. “Over the last year, their confidence has picked up, and they’re confident they can get financing through.”
Read the full story at MNI News.