Industry News




08/06/2012

Construction Outlook Improving?

 
The outlook for all things design and construction looks to be improving as we head into 2013.

The design and construction industry looks like it may have reasons to be modestly optimistic regarding the months ahead and 2013.

A spike in demand for industrial facilities so far this year, along with sustained demand for hotels and retail projects factors into what projects to be a 4.4% rise in spending this year for nonresidential construction projects – up from a projection of a 2.1% increase in the January Consensus Forecast. The American Institute of Architects (AIA) semi-annual Consensus Construction Forecast, a survey of the nation’s leading construction forecasters, also projects a 6.2% increase of spending in 2013.

“With companies looking to bring back manufacturing jobs from overseas, there has been a sharp rise in demand for industrial facilities, which is leading to an upward revision in projections for future construction spending,” says AIA Chief Economist, Kermit Baker, PhD, Hon. AIA. “Continued budget shortfalls at the state and local level, along with a depressed municipal bond market are holding the institutional market back from seeing similar upticks in spending.”

Market Segment Consensus Growth Forecasts

2012

2013

 

 

 

Overall nonresidential

4.4%

6.2%

 

 

 

Commercial / industrial

5.7%

10.2%

    • Industrial

12.9%

8.1%

    • Hotels

9.5%

18.2%

    • Retail

6.2%

9.0%

    • Office buildings

4.7%

8.7%

 

 

 

Institutional

0.7%

3.0%

    • Healthcare facilities

4.0%

7.5%

    • Education

0.3%

1.1%

    • Amusement / recreation

0.1%

2.3%

    • Public safety

0.0%

0.1%

    • Religious

-5.0%

3.0%

Remarking on what risks exist that could undermine these projections, Baker added, “Federal tax and spending changes – the so-called fiscal cliff – that may come into play in early 2013 could upset the economic applecart and prove detrimental to recovery possibilities. We will likely have a better sense after the presidential election what will happen with regards to the Bush-era tax cuts, Social Security payroll tax, extended unemployment, and deficit reduction plans that will have a ripple effect that will extend to the construction industry.”

 

Xcel Energy’s Data Center Efficiency program can help data centers and large-scale IT operations improve reliability and energy efficiency.


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.

Xcel Energy’s Data Center Efficiency program can help data centers and large-scale IT operations improve reliability and energy efficiency.


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
07/31/2015

Guidelines will apply to all in-patient settings.

07/30/2015

Commercial and industrial customers find value in retail power choices.

07/29/2015

Survey shows large increase in EMS usage.

07/28/2015

Remediating abandoned facilities shown to improve surrounding area.

07/27/2015

Survey shows pests can decrease perceived value of hospitality facilities.

07/24/2015

Nearly 25% of workers don’t know proper safety procedures for emergency situations.

07/23/2015

Better Buildings Challenge to help FMs replace troffer fixtures for efficiency improvements.

07/22/2015

Environmentally friendly buildings can improve occupant wellbeing. 

07/21/2015

Performance ratings now available for thermal, weather, and air barriers.

07/20/2015

Survey finds over half of employees are frequently unhappy with office temperature.

07/17/2015

State stays on track to achieve greenhouse gas reduction target.

07/16/2015

Lighting, acoustics rated as top concerns.

07/15/2015

Study shows health risks to long periods of standing.

07/14/2015

Social media giant selects wind energy.

07/13/2015

Global capacity increases to 1,712 GW.

07/10/2015

Mass killings may inspire similar acts of violence.

07/09/2015

Regulation will reduce waste, improve use of sustainable products.

07/08/2015

Alternative certification path to improve sustainability in California buildings.

07/07/2015

Development could improve solar capacity, storage.

07/06/2015

Regulation will reduce GHG emissions, incentivize the use of greener refrigerants.

Page 1 of 55
FirstPrevious[1]2345678910NextLast

Sponsored Links