Fast Market Research

"United States Infrastructure Report Q4 2013" Published

Recently published research from Business Monitor International, "United States Infrastructure Report Q4 2013", is now available at Fast Market Research


Boston, MA -- (SBWIRE) -- 11/25/2013 -- We are maintaining our outlook for US construction industry value real growth to remain in positive territory over the medium term. Residential construction will be the biggest positive contribution to overall growth, as a recovery in the sector continues to gather ground. Conversely, non-residential building is struggling to gain traction overall, dragged down by weak public sector spending. Infrastructure will remain the weak spot - highly reliant on public investment, the sub-sector is being choked by fiscal austerity and political gridlock. Overall, the construction sector will post growth of 1.3% and 0.9% in 2013 and 2014.

View Full Report Details and Table of Contents

Key Developments:

- Residential construction will continue to be the main driver keeping growth in the construction sector in positive territory in 2013. Housing starts have continued their uneven growth path, reaching 891k in August May 2013. However, they are still some way below peak of 2,273k seen in January 2006, indicating that there are further gains to be made. Indeed, residential construction spending is up 23% in the year to date, whilst residential permits, new home sales and house prices are also all trending upwards.
- Transport spending at the state and local level could be seeing signs of improvement following the passing of new transportation bills in a number of states. Facing crumbling transport networks local politicians have been pushing new and creative measures to top up state coffers to invest in infrastructure - including a state infrastructure bank which would be leveraged for commercial debt, changing fuels taxes and directing revenue generated elsewhere.
- Transport spending on a private level is still facing a mixed outlook, and as it currently accounts for only around 10% of total transport spending, still has some way to go before it can help precipitate a revival in investment. The failure of Chicago's Midway Airport privatisation programme is a prime example of politics getting in the way of bringing in private capital. Following strict bidding regulations, competition to operate the airport was weak, causing Chicago's mayor Rahm Emanuel to put the entire project on hold. Conversely, Cintra and Meridiam Infrastructure closed financing in September on a concession to extend the North Tarrant Express in Texas - a state that has been very successful in engaging private capital for highway projects.
- Renewable projects are slowing as rapidly as expected following the expiration of incentives in light of fiscal austerity, and subsequent emptying of the project pipeline. In the first four months of 2013 investment into the power sector contracted by 7%, guiding our forecast for a 1.7% real contraction in power plants and transmission grids industry value in 2013.

About Fast Market Research
Fast Market Research is an online aggregator and distributor of market research and business information. Representing the world's top research publishers and analysts, we provide quick and easy access to the best competitive intelligence available. Our unbiased, expert staff will help you find the right research to fit your requirements and your budget. For more information about these or related research reports, please visit our website at or call us at 1.800.844.8156.

Browse all Construction research reports at Fast Market Research

You may also be interested in these related reports:

- United Kingdom Infrastructure Report Q4 2013
- United Arab Emirates Infrastructure Report Q4 2013
- Australia Infrastructure Report Q4 2013
- India Infrastructure Report Q4 2013
- Oman Infrastructure Report Q4 2013
- Oil and Gas Pipelines Industry Outlook in North America, 2013 - Details of Operating and Planned Crude Oil, Petroleum Products and Natural Gas Pipelines
- Valero Energy Corporation Analysis Across the Oil and Gas Value Chain Report, 2013 Update
- Underground Gas Storage Industry Outlook in North America, 2013 - Details of All Operating and Planned Gas Storage Sites to 2017
- United States Tourism Report Q4 2013
- United States Oil & Gas Report Q4 2013