Accounting and advisory firm Marcum LLP has introduced the Marcum Commercial Construction Index, a quarterly index that will track the performance of the U.S. commercial construction industry.
Marcum's Construction Services Group provides accounting, audit, consulting and taxation services to construction clients ranging from startups to multi-billion-dollar enterprises. The initial edition index found that total nonresidential structures investment declined 4.4 percent in the third quarter of 2012, despite 2 percent annualized growth in the national economy during the period. Year-over-year nonresidential construction spending in the third quarter rose a modest 2.6%, well below the more than 19 percent growth in residential construction. The index can be viewed in its entirety at www.marcumllp.com/constructionindex.
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