Overall Construction Expected to Grow in the Next 12 Months: Report

Reed Construction Data has encouraging economic news for the construction industry.

In a company press release, Bernard Markstein, U.S. Chief Economist, Reed Construction Data, explained, “With an Expansion Index greater than 1 in 41 states plus the District of Columbia, the expected improvement in construction appears widespread across the country.” The December Expansion Index stood at 1.48. The factors that boosted the Expansion Index include this week’s budget deal in Congress and signs in Europe that the recession is easing.