Panelists predict robust construction and real estate development through 2021

Our region’s construction industry continues to remain strong and it is expected to continue to exhibit strong growth through 2021. That’s the prognostication by panelists during a recent program titled “Building Construction Financing 2019.” The panel’s moderator, Peter McGlynn, a partner at Bernkopf Goodman LLP in Boston, opened the panel presentation by providing some construction data reported in Dodge’s most recent Construction Outlook Report. According to Dodge, national construction starts rose to approximately $807 billion in 2018; a 3% increase. Residential and non-residential construction starts nationally rose 6% and 3% respectively.