On Friday, Forbes.com ran an Associated Press “Market Spotlight” on commercial construction (as did nearly every other finance website).  The article had more optimistic news for those interested in commercial construction, especially those on the investing side.

“Growth in commercial construction spending has been a boon to engineering and construction companies, and some analysts expect that trend to continue” writes Bree Fowler. 

Indeed, that is not the first time this year we have heard those words.  A few months ago, Goldman Sachs analyst Chris Hussey was quoted:  “We remain bullish on the commercial construction cycle”.

In late July, Yahoo upgraded Vulcan Materials Company to a five-star rating (”we award a stock 5 stars when it trades at a suitably large discount–i.e., a margin of safety–to our fair value estimate. Thus, when a stock hits 5-star territory, we consider it an especially compelling value“) based partly on “improvements…in commercial construction markets” offsetting the risks (especially in the residential sector). 

This quote may capture best the main point of the article:  ”JPMorgan’s Scott Levine said the upturn in nonresidential construction and industrial capital spending has yet to be fully priced into engineering and construction stocks, despite their recent strong performance.”

I would write more but I have some financial research… I mean… more ConstructionJobsBlog work to attend to.  Au revoir.