Printer Friendly

New market study, "United States Infrastructure Report Q3 2013", has been published.

[USPRwire, Mon Aug 19 2013] The US construction sector returned to growth in line with our expectations in 2012, coming in at 3.2% versus our 3.4% estimate. We believe the sector will remain in positive territory until the end of our forecast period in 2022, although growth will slow in y-o-y terms. Residential construction will be the main driver of growth in the near term, whilst infrastructure will struggle as a result of low government capacity to invest and non-residential will continue to stagnate.

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 914k as of 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.

* 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.

* The California High Speed Rail project finally made an important step forward with the award of a contract for the Madera-Fresno first stretch of the 210km Initial Operating Section (IOS), which in full will link Madera and Bakersfield in California's Central Valley. The winning bidders are a joint venture comprising Tutor Perini, Parsons and Zachary. The JV submitted the lowest price bid for the initial 47km stretch, at US$985mn. Construction is hoped to start in September 2013 and be completed in 2018.

* Renewable projects are slowing as rapidly as expected following the expiration of incentives and subsequent emptying of the project pipeline. In the first four months of 2013 investment into the power sector contracted by 5%, guiding our forecast for a 1.7% real contraction in power plants and transmission grids industry value in 2013.

* Investment into oil & gas pipelines continues to expand in line with our forecasts for industry value creation. Addressing the pipeline capacity shortfall created by the shale oil and gas boom has precipitated a rise in investment in the sector. Whilst the regulatory environment has delayed some of the large projects from getting through, on a more local scale investment is being made. In the near term we expect this to continue, with growth of 10.5% and 7.4% anticipated in 2013 and 2014 respectively.

Full Report Details at


About Fast Market Research

Fast Market Research is an online aggregator and distributor of market research and business information. We represent the world's top research publishers and analysts and provide quick and easy access to the best competitive intelligence available.

For more information about these or related research reports, please visit our website at or call us at 1.800.844.8156.

You may also be interested in these related reports:

- United States Infrastructure Report Q3 2013

- United Kingdom Infrastructure Report Q3 2013

- Japan Infrastructure Report Q3 2013

- Nigeria Infrastructure Report Q3 2013

- Australia Infrastructure Report Q3 2013

Copyright 2013 USPRwire

Provided by an company
COPYRIGHT 2013 SyndiGate Media Inc.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2013 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Date:Aug 19, 2013
Previous Article:Soligenix, Inc. - Product Pipeline Review - 2013 - New Study Released.
Next Article:Report Published: "Bath and Shower in the US".

Terms of use | Privacy policy | Copyright © 2021 Farlex, Inc. | Feedback | For webmasters