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Investments / The Ticker

Nonresidential construction expected to pick up in 2014

Rising CMBS issuance prompts uptick rumors

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Analysts with Fitch Ratings expect U.S. nonresidential construction activity to pick up more speed heading into 2014, the ratings giant said Monday.

More banks are lending in the space and commercial mortgage-backed securities issuance is on the rise, said Robert Rulla, a director with Fitch.  

"After a slow start, Fitch is projecting private non-residential construction will grow 2% in 2013 and 5% in 2014,” Rulla projected.

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