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Philadelphia Construction Outlook

Dodge Data & Analytics released its 2016 Construction Outlook Report. The report predicts that total U.S. construction starts for 2016 will rise 6% to $712 billion, following gains of 9% in 2014 and an estimated 13% in 2015.

Related: Philadelphia Construction 

Commercial building will increase 11%, up from the 4% gain estimated for 2015. Office construction will resume its leading role in the building upturn aided by more private development and construction related to technology and finance firms.

Institutional building is predicted to advance to 9%, picking up the pace after 6% in 2015.

 

Philadelphia Construction

Full Dodge Report can be found here. 

Related: FMC Tower Construction Progress Pictures 

Stephen Fean

Stephen Fean is the Vice President of Business Development at Watchdog Real Estate Project Managers, a real-estate consulting firm that provides owner’s representation and project management services. More about Watchdog Real Estate Project Managers as well as additional blog posts can be found here.

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