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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04/23/2014

A key part to curbing emissions is working with local and city officials, tenants, and other groups to help make entire communities more sustainable. BOMA International shares the following strategies for greening your facility and community.

04/21/2014

Lighting fixes target the bottom line.

04/16/2014

The U.S. Army plans to start development of a solar array that will provide about 25% of the annual installation electricity requirement of Fort Huachuca, Arizona.

04/15/2014

The EPA's annual greenhouse gas emissions report is now available.

04/14/2014

Are you what some would call a “climate-change denier”? If so, you'll want to read this.

04/10/2014
Los Angeles has remained the top city for ENERGY STAR certified building since 2008, while Washington, D.C. continues to hold onto second place for the fifth consecutive year, according to a new list released by the EPA.
04/09/2014
Green construction has grown massively over a short period of time.
04/07/2014
Field demonstrations of newly proven energy-efficient technologies are yielding valuable results for the U.S. Navy, helping it meet energy goals.
04/03/2014
Building owners in Chicago now have more options when it comes to getting their building energy data verified.
04/01/2014
According to a new report from Eaton, such outages are up 15% in 2013 over 2012 and over half of those surveyed believe that downtime could have been prevented.
03/31/2014
The newly revised ANSI/ASHRAE Standard 105-2014, Standard Methods of Determining, Expressing, and Comparing Building Energy Performance and Greenhouse Gas Emissions, aims to provide a consistent method of measuring, expressing, and comparing the energy performance of buildings.
03/27/2014
Facility managers face an every expanding array of sustainability choices and challenges, but for the next generation of FMs, green practices could be second nature as sustainability literacy enters the K-12 school system.
03/25/2014
While the economic recession explains the decline in sales in 2008 and 2009, it is much less clear why sales have continued to fall.
03/24/2014
University of Washington (UW) scientists have built the thinnest known LED that can be used as a source of light energy in electronics.
03/21/2014
Mississippi Governor Phil Bryant signed Senate Bill 2378 into law, effectively enacting the state’s first building code.
03/19/2014
In an attempt to improve building energy performance, the DOE’s National Renewable Energy Laboratory has released a web-based tool called the Technology Performance Exchange, or TPEx.
03/18/2014
Could green building practices pose unanticipated life-safety hazards?
03/13/2014
Worried about workplace violence in your facility? Researchers have discovered that “mindfully observing” high-risk employees can avert danger and workplace violence.
03/11/2014
Through the DOE’s Building Energy Codes Program, every dollar the DOE has spent on building energy codes over the past two decades has resulted in $400 in energy cost savings.
03/07/2014
It is possible to harvest energy from Earth's thermal infrared emission into outer space, according to new research from the Harvard School of Engineering and Applied Sciences.
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