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


 


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.


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.


 
comments powered by Disqus
07/01/2015

Design ‘scatters’ sound without affecting aerodynamics.

06/30/2015

Survey shows lack of concrete commitment to efficiency improvements.

06/29/2015

Guideline will protect building water systems.

06/26/2015

Development could mitigate urban heat island effect.

06/25/2015

New web application can identify energy savings opportunities.

06/24/2015

Report shows refrigerants could reduce GHG emissions, energy use.

06/23/2015

Sustainable design tied to strong financial performance.

06/22/2015

Human wellbeing guidelines grow throughout North America.

06/19/2015

Larger, private buildings now included in rankings.

06/18/2015

Diversion rates increase nearly 10% in 2013.

06/17/2015
Study shows lack of preparedness, suggests improvements to increase resiliency.
06/15/2015

Surveyed workers feel unsafe, doubt employer readiness for weather events. 

06/12/2015

Better Buildings Challenge improvements demonstrate energy savings.

06/11/2015

New technology provides privacy and sunlight.

06/10/2015

Program will provide best practices, green certification for landscape design.

06/09/2015

Improve recycling up to 20% with an easy switch.

06/08/2015

OSHA and Health Canada to improve hazard communications for worker safety.

06/04/2015

Lighting, building automation retrofits show highest rate of return.

06/03/2015

New OSHA guide to ensure fair treatment, safe working conditions.

06/02/2015

Report shows older facilities provide best energy efficiency opportunities.

Page 1 of 54
FirstPrevious[1]2345678910NextLast

Sponsored Links