Construction Industry Growth May Slow in 2000, Survey Reveals
Growth in the construction market will level off in 2000.
After two years of historically high levels of activity, growth in the construction market is expected to level off in 2000, according to a national survey of construction contractors and equipment distributors by CIT Group/Equipment Financing, a leading equipment financing company.
The 2000 Construction Industry Forecast, a comprehensive survey of 900 Presidents and CFOs of contractor and distributor firms across the country, showed that as a whole, survey respondents expect to maintain the same level of construction activity in 2000 as they experienced in 1999. As many as 55% of contractors foresee no changes, with builders voicing a strong vote at 59%. Roughly half of the distributors surveyed predict the same level of activity in non-residential building and 43% expect status quo for residential building construction.