European Building Material Companies To Ride US Construction Growth

The Portland Cement Association (PCA) says U.S. construction activity will grow at 1.3%, 8% and 9% during 2013, 2014 and 2015, respectively. Residential construction is poised for especially strong growth, and is expected to increase by 9.3% during 2013, followed by 13.1% in 2014 and 11.5% in 2015. On the other hand, non-residential construction is estimated by PCA to improve by 1.9% during 2013, 7.5% in 2014 and 11.5% in 2015.

Public construction could recover in U.S.

Public construction in the U.S. could recover in 2014 (+3.4%) and 2015 (+2.3%) after bottoming out in 2013 (-5.2%), driven chiefly by unmet demand and better government spending on infrastructure in an improving economic climate.

These are encouraging forecasts from...