Industry News




 

10/19/2011

Construction Outlook 2012: Flat

 
The construction outlook for 2012 looks to be flat according to a recent study.

McGraw-Hill Construction has released its 2012 Dodge Construction Outlook, which predicts that overall U.S. construction starts for next year will remain flat.

It’s possible that housing and commercial building construction starts may improve, but will be offset by weakness in the public works and institutional building sectors.  The level of construction starts in 2012 is expected to be $412 billion, following the 4% decline to $410 billion predicted for 2011.

Based on research and analysis of macro-trends, the 2012 Dodge Construction Outlook details the forecasts for each construction sector, as follows.

  • Single family housing in 2012 will improve 10% in dollars, corresponding to a 7% increase in the number of units to 435,000 (McGraw-Hill Construction Dodge basis). This is still a low amount, as the excess supply of homes due to foreclosures continues to depress the market.
  • Multifamily housing will rise 18% in dollars and 17% in units, continuing its moderate, upward trend.
  • Commercial building will grow 8%. Warehouses and hotels will see the largest percentage increases, but improvement for offices and stores will be modest.
  • The institutional building market will slip an additional 2% in 2012, after falling 15% in 2011. The tough fiscal environment for states and localities will continue to dampen school construction, and the uncertain economic environment will limit growth in healthcare facilities.
  • Manufacturing buildings will increase 4%, following the 35% gain in 2011, as the low value of the U.S. dollar continues to support export growth.
  • Public works construction will drop a further 5%, after a 16% decline in 2011, due to spending cuts and the absence of a multiyear federal transportation bill for highway and bridge construction.
  • Electric utilities will retreat 24%, following a 48% jump in 2011.

Construction Spending Experiencing Slow Recovery

Design and Construction Jobs Going Green

Three Construction Companies Share Best Practices in Safety

 


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.

Yaskawa drives offer quality performance for air handlers and cooling towers on the roof to secondary chilled water pumps in the basement

Bluebeam® Revu® simplifies digital facilities document management from design review to leveraging as-builts, maintenance manuals and O&Ms submittals.

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.

Yaskawa drives offer quality performance for air handlers and cooling towers on the roof to secondary chilled water pumps in the basement

Bluebeam® Revu® simplifies digital facilities document management from design review to leveraging as-builts, maintenance manuals and O&Ms submittals.

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.


 
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How to keep building occupants safe during the hot season.

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Spaces grow denser as the industry emerges from a slump.

07/18/2014

Study ranks states on fuel and consumption.

07/16/2014

Enhance cleaning practices at your educational facilities.

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Tenants have low tolerance for even one pest sighting, a new survey reveals.

07/10/2014

Battery installations will fuel federal research.

07/03/2014

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06/27/2014

Potential substitute chemicals boast a low global warming potential.

06/26/2014

Tap into the DOE’s new data stream for renewable energy.

06/23/2014

What to do when the rain stops and the flood recedes.

06/18/2014

Mitigation policies grow in response to changing climate.

06/17/2014

The 2014 World Cup welcomes six LEED-certified arenas.

06/11/2014

An updated study now observes local consequences.

06/06/2014

New survey reveals increasing interest in off-site work.

06/04/2014

Gain ground on sustainability goals.

05/30/2014

With World Environment Day quickly approaching, now is the perfect time for cleaning professionals to think about implementing a green cleaning program or review green products currently in use.

05/28/2014

In 2013, approximately 6.5 million people were employed in the renewable energy industry worldwide.

05/27/2014

Saving money through energy management strategies in Canadian healthcare institutions just got easier.

05/22/2014

A recent study has revealed that the bacteria Legionella, commonly found in fresh water, is able to survive in certain automobile windshield washer fluids.

05/21/2014

Industrial symbiosis is essential to a company’s environmental efforts and can even drive profits.

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