Worried about the yield curve? Maybe the positives outweigh the negatives.

Disruptions to the U.S. construction market caused by the pandemic were significant, but have not fully derailed activity, according to a forecast from Portland Cement Association

Alongside swarms of contractors and others pouring in to the annual World of Concrete trade show in Las Vegas, the Portland Cement Association released a relatively rosy economic forecast for 2020 into 2021. 

Experts foresee enough construction work to hold off recession fears in the coming year, particularly in transportation.

The forecast calls for a gain of 63,400 jobs in Colorado in 2017.

The ink barely had dried on this year’s batch of construction market forecasts when economists had to take a second look at their numbers to evaluate the impact of Donald Trump’s victory in the presidential election, which brought with it a Republican-controlled Senate and House.

In a sign that the trend toward equipment renting is not slowing down, the American Rental Association says the rental industry can expect a compound annual growth rate of 4.9% over the next few years. ARA’s five-year forecast predicts that U.S. rental revenue will top $57 billion in 2020, a significant increase over the $47.6 billion estimated for 2016.