The industry reports positive news about the construction industry. McGraw Hill Construction found that new construction starts were up 10% in September, the highest level of construction activity so far in 2014; and in the first nine months of the year construction starts were up 5% from last year. Most of this increase is due to the rise of nonresidential building activity that totaled a $228.5 billion annual rate.
Additionally, as 2014 seems to be a good year for construction, the prospects for 2015 also look good. According to Dodge Data & Analytics, construction starts in 2015 are expected to increase up to 9% from 2014, again due mostly to the commercial construction sector, with an increase expected in office building, educational facilities, and retail construction projects.
At Tape Products Company we have years of experience working with construction and building projects and can help our clients with everything from reflective insulation, to pressure sensitive tapes used throughout the building process, including products to protect building materials from the elements during construction. To learn more about products for the construction industry, visit our website. We are also active on Twitter and LinkedIn where we post company updates as well as more construction related news.
Please let us know your thoughts or what you’re seeing in the construction field in the comments section below.