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.
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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.
Full Dodge Report can be found here.