Industry News




 

01/26/2011

Construction Spending Experiencing Slow Recovery

 
Noncommercial construction spending is expected to recovery slowly.

The AIA has released figures detailing a slow recovery for the nonresidential construction industry, predicting no increase in spending until late in 2011.  In fact, nonresidential construction spending is expected to take a 2% dip, with recovery and increases coming in 2012.

“The key factors that have prevented an accelerated recovery include historically low lending rates for real estate projects, the lingering effects of general overbuilding and an unfavorable bond market that has hampered the ability for municipalities to get the requisite funding to build new schools and hospitals,” says AIA Chief Economist, Kermit Baker, PhD, Hon. AIA. “Conditions should improve later this year and gain momentum as we move into 2012, particularly for hotel, retail and office building projects.”

Baker noted that two areas that may affect the design and construction industry are the federal budget deficit and increasing energy costs, as the price of crude oil continues to climb (it has doubled since 2009).  When it comes to construction spending, the industry may have to look to 2012 for recovery.

AIA President Clark. D Manus Inaugurated

Construction Spending Falls to Lowest Level in Seven Years

Nonresidental Construction Declines as Stimulus Dollars Trickle Out to Contractors


 


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Visit our website today to learn about the design flexibility of a Morton building and the endless possibilities of partnering with our designBUILD team.


Wood construction is both cost and energy efficient. Check out Morton Buildings and our designBUILD team online today to discover all the benefits of post-frame construction.


When choosing a metal-clad building for your next construction project, consider Morton Buildings, Inc., and their designBUILD team, we’ll make your dream a reality.

We Can Help You Reduce Energy by 30%

Our mission is to help our customers manage their buildings' energy costs, improve reliability, and enhance performance while having a positive impact on the environment.
CLICK HERE to find out how.


 
01/30/2015

Hotel, office facilities sectors expected to see big growth.

01/29/2015

Electricity-saving upgrades for vertical transportation.

01/28/2015

Building expenditures shown to benefit workers, businesses.

01/27/2015

Scent “temperatures” shown to have measurable effect on consumer behavior.

01/26/2015

Photovoltaic devices could cut costs, improve system versatility.

01/23/2015

Data shows earth's surface temperature increase to a new high

01/22/2015

New reports show ownership could have fast benefits.

01/21/2015

New formula kills germs, prevents them from reappearing.

01/20/2015

 Study shows properly maintained roofing can last as long as buildings.

01/19/2015

Increases projected at nearly 10% per year.

01/16/2015

Pollution, health improvements more powerful motivators than cost savings.

01/15/2015

Administration looks to cut GHGs from oil, natural gas production.

01/14/2015

Vegetation effective at dampening noise.

01/13/2015

Database will aid in making green purchasing decisions. 

01/12/2015

Includes best practices for energy monitoring and reduction.

01/09/2015

Study shows majority of reserves must be left alone to mitigate climate change.

01/08/2015

Energy department looks to standardize definition.

01/07/2015

Plus 12 best practices to reduce operating costs. 

01/06/2015

Improvements extend beyond energy efficiency to carbon emissions.

01/05/2015

Rule expected to cut carbon emissions, electricity use in lighting.

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