What's Happening

Everything listed under: Economic Forecast

  • Outlook for Quarter 4 - 2017

    US OUTLOOK - EARLY 2018The US economy is gaining momentum and expected to close out the year onthe stronger side. A soft start to the year (1.2% GDP in 1Q) has given way to improvements in employment, retail spending and GDP (2.6%) in 2Q. Leading indicators such as Disposable Income and Job Openings signal the second half of the year and early 2018 should see ongoing growth.For contractors, the health of the economy should translate into more demand.   Read More...

  • Economic Outlook for Second Half of 2017

    Halfway through the year, a growing economy has hopefully presented many opportunities to expand and profit. A tight job market and increasing consumer spending is expected to lift the US economy through the remainder of the year. From a momentum standpoint, some sectors are peaking.   Read More...

  • Economic Forecast for Q2: What to expect

    US OUTLOOK FOR 2017The US economy is growing, and surveys are showing increased optimism from both consumers and small businesses.  Total Construction Spending rose 4.5% in 2016 and Disposable Income saw a 3.9% gain, positive signs of a healthy economy.  Most of this momentum should carry forward through the next quarter, as Retail Sales numbers are already showing a good start to the year.While many signs are positive right now, there are still some concerning trends in new home-build...  Read More...

  • NIBCO Regional Economic Forecasts

    US OUTLOOK FOR EARLY 2017With 2016 mostly behind us, it is time to look forward into next year. Rising wages, low unemployment and appreciating home values have helped the consumer this year. The strength of these factors will continue to bring more spending power to the average person in 2017.The health of the consumer may not directly translate into strong growth in new construction in 2017.   Read More...

  • NIBCO Q4 Regional Economic Forecast

    US OUTLOOK FOR EARLY 2017To view the PDF version of this report, please click HERE.Deceleration has been the story for both consumer spending and housing construction so far in 2016.  Retail Sales have cooled across the US to a 1.5% annual growth rate. Housing Starts are now growing at 3.0%, compared to a 16.8% growth rate back in March.Where from here?   Read More...

  • NIBCO Quarter Three Economic Forecast

    US OUTLOOK FOR 2ND HALF - 2016Moderate growth has been the story for the US economy so far in 2016 and we see conditions remaining mild, but positive, to start off the second half of the year. It is good news for professional contractors that new home construction permit activity is above year-ago levels for 46 out of 50 states. Recent Consumer Sentiment and Retail Sales reports further support that the consumer is being resilient and a leading force in bolstering the US economy despite all the ...  Read More...

  • NIBCO Second Quarter Economic Update

      US Outlook for Mid-2016 Our leading indicators are suggesting mild growth for the US economy in the months ahead. The outlook is based on a blend of positive and negative factors likely to impact professional contractors. On the positive side, mild weather, low interest rates and high employment have lifted home building in the winter months and most are looking at an early spring construction season.   Read More...

  • NIBCO Economic Forecast

    2015 has been a relatively good year for the US economy. The unemployment rate has fallen to 5.0%, which by most measures is near full employment. Consumers have seen unusually strong relief from inflation, as falling has prices and generally flat food costs have kept more money in the homeowner's pocket.For the professional contractor, the combination of stronger job market and low inflation means that customers are more likely to be open to investing in new landscape projects and services....  Read More...