Several Leading Indicators Point to Slightly Better 2020 Growth
Constructing a Non-Residential Picture
Spending on new and existing non-residential structures accounts for roughly 25% of overall domestic building products demand and has historically been among the most volatile segments of the economy, making it an important component of cyclical recoveries. In our quarterly report, we detail a formal outlook for non-residential spending, including our expectation for both new construction-related and repair and maintenance derived demand, to provide a more visible understanding of our expectations for the sector. In addition, we review the most commonly-cited industry measures and the key nuances in their methodologies, limitations and advantages. Our goal is to provide investors with a singular view of the end channel.
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