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. 

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
07/02/2015

Sustainable parking leaders recognized.

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.

Page 1 of 54
FirstPrevious[1]2345678910NextLast

Sponsored Links