Industry News




 

11/17/2011

ABC: A Slow Construction Year Forecast for 2012

 
Slow-Construction-2012

Associated Builders and Contractors (ABC) has released its 2012 economic forecast for the U.S. commercial and industrial construction industry.  No surprise here – the forecast looks slow. ABC Chief Economist Anirban Basu examines the situation:

"Nonresidential construction spending is expected to grow 2.4% in 2012 following a 2.4% decrease in 2011," Basu says. "The pace of recovery in the nation's nonresidential construction industry remains soft and 2012 is positioned to be a year of slow gain. The first half of 2012 may be particularly challenging, a reflection of the soft patch in economic activity experienced during much of the first half of 2011.”

Basu claims the direction of the dollar will also have a significant impact on how things play out for the industry in 2012, "The direction of the U.S. dollar will play a major role in determining construction input prices in 2012. However, the dollar's direction is far from obvious.  Although the nation continues to run a large trade deficit, which implies further deterioration in the value of the dollar over time, investors often race to dollar-denominated assets during times of global financial stress. We are in one of those times now, which could keep the dollar inflated in 2012. While this would create a more challenging environment for U.S. exporters, it would likely result in lower construction materials prices."

What segments are the ones to watch in 2012?  Basu explains that there are a few opportunities even in the slow environment.

"However, certain segments are better poised for growth than others. Leading the way in recent months has been construction related to the nation's power industry, which ABC projects to expand 11.4% during the course of 2011," says Basu. "The driving force for the United States appears to be in energy, and the growth of this economic segment has been evident in a number of states, including Texas, Oklahoma, North Dakota and Pennsylvania. ABC expects power construction to continue to lead the way with a projected 9% increase in spending in 2012.”

"Health care represents another likely candidate for economic expansion. This is true for a number of reasons, including thawing credit markets, the nation's demographics and health care reform, which will continue to increase the number of Americans with insurance and therefore enhance utilization," Basu says. "Because of this, ABC projects health care construction spending to increase by 8% in 2012.

 


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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.

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

 


 
09/16/2014

The USGBC and American Chemistry Council have put aside their differences to work together on new improvements to the LEED certification system. 

09/15/2014

Researchers have developed a new process to help cloud computing systems use less energy while continuing to provide high levels of data services.

09/12/2014

Researchers have found the main factors that influence the amount and type of building damage caused by various types of salts. 

09/11/2014

A new study has demonstrated that proactive ergonomic training can decrease worker discomfort and increase productivity. 

09/10/2014

The University of Utah has upgraded its historic Dumke Health Professions Education building to save an impressive 40% on energy costs.

09/09/2014

Hoping to build on LEED's success, PEER evaulates the performance and modernization of electric grids. 

09/08/2014

The USGBC has developed a new tool to help streamline the LEED certification process. 

09/05/2014

Researchers have developed a fluorescent lamp that emits Wi-Fi signals to allow connectivity throughout buildings.

09/04/2014

Tests show effective measures for reducing earthquake damage to computer servers. 

09/03/2014

Health costs drop by half as a result of environmental regulations.

09/02/2014

A new study challenges the idea that sparse workplaces produce happier, more productive employees.

08/29/2014

New tool from FEMA helps facility managers prepare for and mitigate the effects of nonstructural earthquake damage. 

08/28/2014

Is your building's exterior prepared for consistent snowstorms?

08/27/2014

Researchers have developed wearable, customizable technology to handle access control at busy hotels. 

08/26/2014

A new study shows that hotels which are LEED certified bring in more revenue than their non-certified competitors. 

08/25/2014

Policies designed to reduce carbon emissions have the added benefit of increasing air quality, which could pay for the reduction policies themselves. 

08/22/2014

Researchers at Michigan State University have developed a luminescent solar concentrator that is as transparent as glass. 

08/21/2014

The Department of Energy has released two reports which indicate wind turbine installations and efficiency is growing while prices drop. 

08/20/2014

The NHL has partnered with the NRDC to release their first sustainability report. 

08/19/2014

A new battery has been developed that is free of toxic materials and longer lasting than its more expensive competitors.

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