SKOKIE, IL—Although the construction season may have opened a bit late and single-family housing starts were weaker than expected, a recently released report from the Portland Cement Association shows that cement consumption in the US will meet the 2014 forecast.

Based in Washington, DC, with offices in Skokie, a suburb of Chicago, the PCA represents American cement companies. It conducts market development, engineering, research, education, and public affairs programs.

PCA's cement forecast remains mostly unchanged since September. "The United States' cement market is expected to grow 8.2% in 2014, followed by similar rates of growth in 2015 and 2016," says PCA chief economist and group vice president Edward Sullivan. "However, minor adjustments have been made regarding the construction sub-sectors. Housing starts, for example, have been trimmed slightly compared to forecasts released earlier in 2014."

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Brian J. Rogal

Brian J. Rogal is a Chicago-based freelance writer with years of experience as an investigative reporter and editor, most notably at The Chicago Reporter, where he concentrated on housing issues. He also has written extensively on alternative energy and the payments card industry for national trade publications.