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Leading lender projects strong nonresidential market, contractor investment patterns

Source: GE Capital Americas, New York

The 2015 U.S. construction outlook could be analogous to a tale of two cities, with stabilizing and perhaps flattish residential demand offset by continued strong, if not strengthening demand, both reflecting a relatively improving economy and rising interest rates. Among the new directions GE Capital Americas construction industry analysts see for this year:

Read more: Leading lender projects strong nonresidential market, contractor investment patterns

SCC, HPC demand help construction chemicals’ five-year outlook

Sources: Freedonia Group, Cleveland; CP staff

U.S. demand for construction chemicals used in on-site applications is projected to grow 8.2 percent per year through 2018 to $12.1 billion. Gains will be primarily driven by double-digit increases in building construction expenditures, owing to healthy economic growth and an improved consumer financial outlook. Increased economic activity and greater government investment in the aging infrastructure will also support construction chemical use in nonbuilding applications.

Read more: SCC, HPC demand help construction chemicals’ five-year outlook

Multifamily lender lowers interest rates for LEED-certified projects

Sources: U.S. Green Building Council, Washington, D.C.; CP staff

As part of its Multifamily Green Initiative, Fannie Mae is granting a 10 basis point reduction in the interest rate of a refinance, acquisition or supplemental mortgage loan for a multifamily property carrying certification or recognition under USGBC LEED, EPA Energy Star or Enterprise Green Communities programs. On a $10 million dollar loan amortizing over 30 years, an owner would save $95,000 in interest payments across a 10-year term based on 3.9 percent versus 4 percent market rate.

Read more: Multifamily lender lowers interest rates for LEED-certified projects