Third Straight Record Year of Cement Consumption Predicted; PCA Delivers Construction and Cement Summer Forecast
SKOKIE, Ill., Aug. 18 -- Experts expect cement consumption this year to increase five percent over 2004 levels, making this the third straight year of record volume. Additionally, according to Portland Cement Association’s (PCA) Summer Forecast Report, an increase of 3.3 percent is predicted for 2006.
The first rise in nonresidential construction in three years, coupled with little slow down in the residential sector, are seen as the main factors driving up demand. PCA expects 2005 single family starts to exceed 2004 records. New assessments of mortgage rates have caused PCA to strengthen its original projections through 2009.
An increase in public works construction is also expected as state finances improve and the Transportation Equity Act program is initiated. Additionally, cement intensities continue to rise and are projected to do so through 2009.
About the Summer Forecast 2005:
PCA’s Summer Forecast begins with a macroeconomic look at the components of economic growth. Based on those factors, PCA evaluates the impact on construction, breaking down the public, nonresidential and residential sectors. The cement and concrete forecast is derived from construction sector assessments.
To obtain a copy of PCA’s Summer Forecast contact Patricia Flesher at email@example.com.
Based in Skokie, Ill., the Portland Cement Association represents cement companies in the United States and Canada. It conducts market development, engineering, research, education, and public affairs programs.
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- Portland Cement Association
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