Outlook for Nonresidential Construction in 2023 and Beyond

The global economy is now firmly on the back side of the business cycle, and residential construction – as measured by housing starts – is in recession. In this webinar, we will cover the trends in nonresidential construction to provide context for market opportunities and risks in 2023 and beyond.

The nonresidential construction market traditionally lags the residential construction market. We expect nonresidential strength even as the US macroeconomy cools. However, the nonresidential market is multifaceted, with submarkets including education, commercial, industrial, and hospitals, to name a few. Each has its own unique dynamics.

This ITR Economics webinar will cover the nonresidential construction sector in detail, including an overview of the US Construction Materials and Components Producer Price Index, a measure of material and labor input costs for the sector. Builders, suppliers, and others interested in the nonresidential construction sector will gain an understanding of how to position their businesses for 2023. With ITR Economics’ long-term forecast accuracy rating of 94.7%, webinar participants can plan with confidence.

Insider members can expect to gain:

• An understanding of the current nonresidential market and its submarkets, including education, commercial, and hospitals.
• Insight into the key trends in construction material pricing and labor that are affecting the industry.
• Insight into how to position their businesses to take advantage of the expected market conditions in 2023 and beyond.

This webinar recording is an Insider™ member exclusive! Learn more and sign up today to receive this complimentary recording in late November.